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Bank of America Warns of Valuation Compression Risks

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Bank of America's latest analysis presents a structural warning rather than a typical bearish forecast, highlighting that markets may stop paying premium multiples even as corporate profits continue to grow. The firm notes the S&P 500 remains statistically expensive across 18 of 20 valuation metrics, with four approaching record highs, suggesting traditional equity markets face significant compression risks.

This warning carries implications for crypto markets, particularly Bitcoin, where leveraged positions could face substantial liquidation pressure. The potential for $1 billion in liquidations underscores how traditional market dynamics can spill over into digital asset markets, creating traps for overly optimistic bulls during periods of valuation adjustment.

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