Volatility Reversion and Bitcoin/SPX Toward 9x - A modest normalization in stock-market volatility can accompany the Bitcoin/S&P 500 (SPX) ratio falling under its 10x pivot in 2026. At 13.5x on Dec. 4, Bitcoin/SPX is well off its 19.2x July peak and appears on track toward its 9.4x mean since 2020. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6smubkijh8h {BI COMD} #bitcoin #gold #stockmarket @BBGIntelligence(Mike McGlone)