Everything is pumping… except $BTC 😭 — and this is the real reading:
The scene looks inverted.
Gold broke through $4500 (+71% in 2025).
Silver exploded to $72 (+148%) and became one of the top 3 global assets.
S&P 500 records the highest historical close after a +43% rebound from the April low.
Liquidity is everywhere, risk appetite is high, and the headlines scream: new peaks.
Then you look at Bitcoin…
Down ~30% from the October peak, negative performance this year, and the worst fourth quarter in 7 years, moving sideways barely defending support while everyone celebrates.
This divergence is concerning, especially for an asset that has always led liquidity waves.
But describing it as “manipulation” is a flawed simplification. Bitcoin is not being abandoned; it is being absorbed. Institutions are not chasing price; they are managing exposure.
ETFs, custodians, prime desks, and internal rebalancing—all of this reduces volatility while quietly redistributing the supply.
BTC is no longer a momentum play; it has become infrastructure.
Our perspective:
Gold and silver = Hedge and macro fear
Stocks = Liquidity and buybacks
Bitcoin = Stuck between the two: no longer a marginal risk asset, but not yet treated as a full macro hedge
This doesn’t mean there’s a flaw. It often means preparation.
Markets don’t move together forever. When an asset lags while liquidity explodes around it, this is often pressure/accumulation — and pressure doesn’t last.
What do you think?
Futures trading is fraught with risk 🤞 always DYOR