At the beginning of 2026, the markets are witnessing a remarkable shift in investors' compass.
Gold surpasses the $5,000 barrier supported by institutional demand and geopolitical concerns, while Bitcoin faces clear pressure after retreating from its January peak near $98,000.
Notably, tokenized gold like PAX Gold and Tether Gold has become the leader of the movement, benefiting from around-the-clock trading, which has accelerated price discovery and immediately reflected real demand.
In contrast, Bitcoin faces a tough environment with a decline in risk appetite, and technical analyses indicate potential support levels at
82–85 thousand dollars, and may extend to 74 or 68 thousand if the pressure continues.
📉 The Bitcoin to gold ratio near 17.3 clearly reflects the shift of liquidity towards defensive assets, indicating that investors prefer safety over risk-taking at this stage.
Summary:
The market is not chasing quick profits now… but is looking for a safe haven.
And until the appetite for risk returns, it seems that gold will maintain its superiority over Bitcoin.
