The inflow of funds into gold ETFs has been surpassed by Bitcoin ETFs, while the market cap of Bitcoin is much lower than that of gold. However, this year the increase in gold has far outpaced BTC.

The core reason should be that there are too many profit-taking players in Bitcoin, and most of the old crypto OGs believe in the four-year cycle theory, so they tend to sell when the time is right. #比特币流动性