By current fractal models: 26 February 2026 will be a low for silver, bitcoin, and ACWI. How low will that nadir be? Will it break 7 April 2024 current ACWI trend lines, indicating that 10-11 February 2026 was ACWI’s 1982 to 2026 13/33 year :: x/2-5x 1st and 2nd Fractals’ peak valuation? (Bitcoin has already broken down over 45 % from it’s Oct 2025 peak valuation.) Time will tell.

Added 22 February 2026 2220 EST:

Money Exits Equities, Metals and Crypto and Flows into Sovereign Debt with new low interest rates nadiring on 26 February 2026.

Private non-bank lending corporations who have arranged a large portion of the 300 billion dollar loans in 2025 for tech and AI projects(a 500% increase from 2024), e.g, Blackstone, KKR, TPG, and CVC have lost 33-45% of their peak value in the 7 April 2025 3 phase growth fractal series (53//107//19/44 of 48 /?20-38 day series ) which is at the terminal of a major 1982 to 2026 13/33 year :: x/2.5x fractal growth and decay 1st and 2nd fractal series. Like crypto valuations, these are the early canaries already dying in the asset-debt system’s macroeconomic asset peak valuation coal mine. How low will the 20 Nov 2025 19/48 day SPX 26 Feb 2025 nadir valuation be? US Ten Year Notes are following a 25/58 of 62 day 1st and 2nd fractal series with an expected nadir (low interest rate) likewise on 26 Feb 2026 as money flows from equities into sovereign debt.

In the Asset Debt Macroeconomy the valuation of individual asset classes are denominated in the summation valuation of all other classes including debt instruments: sovereign, non financial and financial corporate, and private debt. Out of the 346 trillion dollars of global collective debt, The US has about 102 trillion.

When non-debt assets are overvalued relative to the underlying collective consumer base economy {after consumers pay for the necessary and inflating activities of daily living(including accumulated debt)}, and consumers can no longer collectively expand their balance sheet thru further debt expansion, generic product demand falls, businesses fail, lower quality corporate debt undergoes default, unemployment grows, and the system’s asset prices fall.

The global composite equity index ACWI peak valuation was on 11 February 2026. Crypto currencies as represented by bitcoin in USD peaked on 5 Oct 2025 at about 126,350 and are currently on 16 Feb 2026 at about 68-69000, a 45-46% drop from peak valuation.

The current daily fractal decay model from 20 November 2025 for Bitcoin in USD which trades 7 days a week including holidays and for the ACWI global equity index which trades 5 days a week less US equity holidays have merged with an expected crash nadir low for ACWI on Friday 10 April 2026 and for Bitcoin in USD on (Saturday) 11 April 2026.

The 10 April 2026 initial crash nadir completes a 27 Oct 2023 3-phase 120/243/254 day :: y/2-2.5y/2-2.5y peak and decay fractal series.

The 10 April 2026 initial crash nadir completes a 27 Oct 2023 3-phase 120/243/254 day :: y/2-2.5y/2.5y (2X’ 214 day peak valuation and) crash decay fractal series.

For the 255 day 7 April 2025 3rd Fractal of this 27 Oct 2023 120/243/254-255 day peak growth and initial crash decay series, a 7 April 2025 53/107/97 days :: y/2-2.5y/2-2.5y’ 3 phase peak valuation growth and initial crash decay series will be completed on 10 April 2026.

Fractal self assembly of the 1st and 2nd Fractal above is shown below:

The crypto class peaked in Oct 2025 following a 2015 GBTC proxy 41/83 month :: x/2x+ peak valuation 1st and 2nd Fractal Cycle with a 45-60% crypto asset class devaluation since the peak representing a trillion dollar plus loss of valuation. With the anti-institutional policies and the weakening of the American hegemony, terminal global money has flowed into gold and silver with over a 100 % appreciation for silver in less than 50 trading days and thereafter a one day flash crash on 30 Jan 2026 of 35%. ACWI, the global equity composite registered a all-time high valuation on 11 February 2026.

Considering the US contracting consumer economy underpinning US and global growth, has the summation valuation of all asset classes already reached its integrated peak? Or will new debt following AI’s allurement be created at a rate necessary to propel further summation asset valuation growth?

The 13/33 year 1982 1st and 2nd fractal series are composed of 51-52/126 of 128-130 quarters. The current 126 quarters is composed of two fractal subseries: a 1994 10/25/25 quarter 3-phase series :: x/2.5x/2.5x fractal series ending in Mar 2009 and a 11-12/29-30/30 quarter :: maximum 3-phase x/2.5x/2.5x growth fractal series ending Jan-March 2026. The final 30 quarter 3rd fractal of the March 2009 11-12/29-30/30 quarter fractal series is composed of a 6/12/14 quarter :: x/2x/2.5x fractal subseries starting in Dec 2018 with the first 6 quarters ending with an aberrant low (below the trend line)in Mar 2020 caused by the 15% Covid related unemployment.

Below is the SPX quarterly fractal series as of Nov 2025.

US Equity to GDP ratio’s are near all time high at about 223%.

Global equity may have peaked on 11 Feb 2026 with 27 Oct 2023 self-assembled fractal growth: a 3-phase 120/243/213 day :: x/2x/(2x’+) fractal growth series which concludes with a 27 Oct 2023 120/243/254 day :: y/2y+/2y+ initial decay series.