Bitcoin Led Risk-Assets Inflation and May Deflation Signs that Bitcoin rose too far above $100,000 in 2025 may have broader macroeconomic implications. My graphic of 50-week moving averages highlights the crypto rolling over from an extended plateau akin to 2018 and 2022. What's missing from previous Bitcoin bear markets are similar downtrends in the S&P 500, Bloomberg Commodity All Metals Total Return Subindex and copper. Is the first-born crypto issuing a warning or a feint? Bitcoin, now one of millions has been a leading indicator for risk assets since its inception in 2009. Federal Reserve rate-hike expectations may signal an endgame for rapidly rising risk-assets, wealth creation and inflation. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tmzt58kiups6 {BI COMD} #Bitcoin @BBGIntelligence