Lower Highs and Lows -- Bitcoin Might Lead Deflation - The S&P 500's 12% premium to its 50-week moving average on Nov. 28 may follow Bitcoin's 10% discount. Since the 2017 advent of listed futures, the crypto has never fallen with a similar velocity without stocks joining the drop. The graphic shows what's normal in a maturing volatile asset: Bitcoin highs vs. its 50-week mean have been diminishing, but not the lows. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6fo67kgctgk {BI COMD} #bitcoin #stockmarket @BBGIntelligence(Mike McGlone)