A set of numbers that reveal the absurdity of the current market: 📉 Gold: $5,321 → $4,373 (-18%, worst week since 2011 at -9.6%) 📉 BTC: $70.7k → $68k (-3.8%, now 46% below ATH of $126k) 📉 Crypto market YTD: -21% What happened? 1️⃣ The US-Iran war shut down the Strait of Hormuz, cutting off 20% of global oil transit 2️⃣ Oil prices exploded, sending inflation expectations through the roof 3️⃣ The Fed, ECB, BOJ, and BOE all held rates unchanged in the same week 4️⃣ "Higher for longer" is now the global consensus. Stagflation is here.(BloFin Research)