I still don’t think this is the main reason for the drop. Of course, the trigger is definitely the earnings season results, especially Microsoft’s sharp decline—that’s true. But attributing the drop in gold, silver, and even cryptocurrencies entirely to high leverage might not be accurate. Also, the idea that gold and silver are in a bubble has been quite popular in the past two days. However, looking at the capital flow, there’s still a massive amount of money pouring into gold and silver. Just today alone, the trading volume exceeded $25 billion for gold, and for silver, it’s around $20 billion. This data explains why gold can rebound so quickly after a sharp drop. For investors, there’s still a strong FOMO for gold. Will gold weaken next? I don’t know. But what I do know is that the trading volume alone has hit a historic high, and the rolling wheels are still driving gold forward. @bitget VIP, lower fees, crazier perks.