A few days ago, the layout of precious metals was a feast for the fans with red envelopes ๐งง๐งง BTC is coming to collect
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Precious metals have collapsed like this, yet some still say that the spring of crypto has arrived? Don't be silly, be careful of blindly following the trend and getting trampled!
On January 31, 2026, at midnight, global precious metals experienced the most severe Black Friday in nearly forty years, with gold plummeting by 12.92% in a single day, crashing from $5400 to $4682. Silver was even more dramatic, directly plunging over 35%, evaporating nearly a third of its market value in one day, leaving the entire financial circle in shock.
While traditional safe-haven assets collapsed, the crypto circle was immediately in turmoil, with half of the people shouting that digital gold would take over and the bull market would restart, while the other half poured cold water, saying it was all mindless following the trend and that a chain reaction of selling was about to happen.
To be honest, this is not spring at all; it's just an oversold rebound combined with follow-up selling.
With traditional safe havens crumbling, there is indeed a small amount of capital that has flowed here to test the waters, and it's normal to see a short-term rebound, but don't mistake this for a trend reversal. Crypto has always followed the decline and not the rise; when precious metals were rising before, it didn't follow, and now that they are falling, it is falling even harder. The so-called digital gold is simply a high-volatility risk asset.
Recently, the number of people who have been liquidated in the market is staggering, all retail investors chasing highs and bottom-fishing. When leverage is pulled, the market fluctuates, and the liquidation orders pile up, causing more severe sell-offs.
Don't be blinded by a few bull market slogans; without substantial capital inflows and without key levels holding, all rebounds are just temporary self-rescue, not signals to enter the market.
It's better for ordinary players to hold back than anything else; don't use your own capital to gamble on the emotional market, the cost of following the trend is truly unbearable.