We saw Gold topping in September.
Subsequently, Gold bugs took profits and put them into Silver, which then put in a new ATH 3 months later in December and also into Palladium and into small cap stocks (Russel 2000), which put in a new ATH 2 weeks ago.
We're seeing that capital is moving down the risk curve.
The next in line would be $BTC and $ETH
m, then large cap altcoins and then finally low cap altcoins.

ETH
2,932.95
-0.62%

BTC
87,549.44
-0.46%

SOL
122.5
-0.67%