Bank of America warns: The S&P 500 remains overvalued, even with 14% earnings growth, as a contraction in the price-to-earnings ratio could trigger over $1 billion in Bitcoin liquidations. BTC has high volatility similar to stocks' beta, with ETF transmission risks. Watch for NVIDIA earnings, CPI, and Federal Reserve meetings. #Bitcoin $BTC
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Bank of America warns: The S&P 500 remains overvalued, even with 14% earnings growth, as a contraction in the price-to-earnings ratio could trigger over $1 billion in Bitcoin liquidations. BTC has high volatility similar to stocks' beta, with ETF transmission risks. Watch for NVIDIA earnings, CPI, and Federal Reserve meetings. #Bitcoin $BTC