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Gold dumping 17% from ATH is saving Bitcoin's image

CN
Ignas | DeFi Research
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4 hours ago
AI summarizes in 5 seconds.

Gold dumping 17% from ATH is saving Bitcoin's image.

In a macro-uncertain and potentially inflationary environment where gold should perform well, it's selling off too.

Narrows the gap between BTC and gold performance without BTC having to do anything.

I wished BTC would save face by pumping to catch up with gold. But gold dumping achieves a similar effect.

At the end of the day, liquidity flows drive the market.

Everything is a trade in short-term periods.


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