Gold is on fire! It surged 1.5% overnight, breaking through $4,346, is capital in the crypto space being siphoned off?

Major news is coming in, global capital is in an uproar! The safe-haven big brother, gold, suddenly skyrocketed, with a single-day increase of 1.5%, breaking through $4,346/ounce, a 60% increase year-to-date! Meanwhile, in the crypto space, it's a tale of two extremes: BTC slightly down 0.3% at $92,643, ETH up 0.4% at $3,263. Is this crazy gold surge draining funds from the crypto world or an opportunity to snag a bargain?

3 core logic points to dissect, don’t panic after reading

Short-term fund diversion: Gold ETFs have attracted over $40 billion this year, with geopolitical risks and expectations of interest rate cuts prompting conservative funds to flock to gold;

Safe-haven attribute wrestling: Gold is stable with physical backing, while crypto relies on institutional funds to hold the fort. Retail investors have long been betting on both mainstream coins and gold; the market cap of Tether and Paxos' gold-backed stablecoins has surpassed $3 billion, providing value retention and instant trading, directly linking gold and crypto.

But don’t panic! The crypto world has its own moat: ETH just upgraded, with new addresses surging to 190,000, and institutions are still quietly accumulating; BTC exchange balances have fallen to their lowest since 2017, with chips getting tighter. Gold rising doesn’t mean the crypto space is cooling off; rather, it could spread safe-haven sentiment, making compliant mainstream coins and gold tokenized products more appealing!

Don’t guess blindly at the market direction! Follow me, enter 👉大毛的淘金基地, to stay updated on institutional fund movements and precise mainstream coin positions. Don’t miss out on this safe-haven trend; let’s steadily profit together. #美联储降息 #加密市场观察 $BTC $ETH