According to @BullTheoryio, the current setup—Bitcoin (BTC) roughly 30% off its peak while gold and silver rally—resembles 2020 when precious metals topped first and crypto surged after liquidity rotated into risk assets (source: @BullTheoryio). In 2020, after the March crash and Federal Reserve liquidity injections, gold rose from about $1,450 to $2,075 by August and silver rallied from roughly $12 to $29, while BTC stayed rangebound near $9,000–$12,000 for about five months (source: @BullTheoryio). After gold and silver peaked in August 2020, capital rotated into crypto, with BTC advancing from around $12,000 to $64,800 by May 2021 and total crypto market cap increasing nearly 8x by mid-2021 (source: @BullTheoryio). According to @BullTheoryio, today’s pattern shows metals leading and BTC moving sideways following a recent liquidation event, which mirrors the digestion phase seen in mid-2020 (source: @BullTheoryio). The author frames this as an early signal rather than a bearish read for crypto, suggesting traders watch for signs of a topping pause in gold and silver alongside BTC range breakouts to time risk-on rotation into BTC and broader crypto exposure (source: @BullTheoryio).