Mean-Reverting Volatility, Bitcoin and Recession - The rare crocodile-jaw pattern of falling Bitcoin vs. the still-rising stock market may be resolved in 2026, and risks appear to be leaning toward the collapsing crypto. My case for a 2026 rebound in stock-market volatility and for crypto to lead the next recession is underscored by the chart, which shows Bitcoin's 200-day moving average rolling over and Nasdaq 100 180-day volatility near an eight-year low. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tae9iekijh8t {BI COMD} #bitcoin #stockmarket #macroeconomics @markets(Mike McGlone)