From Metal Season to Altseason?
Crypto underperformed in 2025, but capital didn’t vanish — it parked.
And rotation usually comes next.
🔹 2025 wasn’t a crypto year
Gold rose ~70%, silver over 130%.
Bitcoin broke $120K briefly but failed to hold, while most of crypto chopped or corrected.
Money wasn’t chasing risk — it was seeking safety.
🔹 Why metals won
High rates, geopolitical stress, and inflation pushed capital into gold and silver.
Crypto, still a high-beta asset, struggled without liquidity expansion.
🔹 Weakness is the setup
No euphoric top. No retail blow-off.
Crypto didn’t peak — it paused.
🔹 Why 2026 matters
If 2025 was about capital protection, 2026 may be about capital deployment.
Rate cuts and improving liquidity tend to favor crypto — especially altcoins.
Metals had their year.
If liquidity turns, crypto won’t wait for consensus.
$BTC $XAU
