According to @Andre_Dragosch, the broad rally in precious and industrial metals signals reflation, consistent with an upside move in the ISM Manufacturing Index and historically supportive of Bitcoin (BTC) bull runs, source: @Andre_Dragosch. He says BTC’s macro sensitivity is returning as long-term holder selling slows while institutions via ETPs, ETFs, and corporate treasuries continue to absorb multiple times new supply, setting up a potential rotation from gold into BTC as risk appetite recovers, source: @Andre_Dragosch. He highlights rising market-based inflation expectations, dollar devaluation, and strength across commodities and energy as confirming reflation, source: @Andre_Dragosch. He adds that gold tends to lead BTC by several months and the BTC to Gold ratio appears oversold, implying relative outperformance for BTC if ISM mean reversion persists, source: @Andre_Dragosch. He views recent lows as likely behind and expects a risk-on backdrop to power a renewed BTC rally in early 2026 amid strong institutional adoption, source: @Andre_Dragosch.

According to @BullTheoryio, capital has rotated from gold into Bitcoin after gold peaks, citing August 2020 when gold topped near 2,075 and declined while BTC dropped from roughly 12,000 to 9,800. According to @BullTheoryio, this historical case is presented as evidence supporting a rotation thesis in which an initial drawdown in both assets can precede flows favoring BTC. According to @BullTheoryio, traders should monitor gold peaks and BTC cross asset flows to gauge potential timing for crypto exposure.

According to @EricBalchunas, $SLV is leading pre-market volume across all ETFs and stocks, with commodities ETFs making up 7 of the top 11 most active by notional volume, source: @EricBalchunas. According to @EricBalchunas, the -2x gold and silver ETFs are now on the most-active list after not appearing last week, source: @EricBalchunas.

According to @BullTheoryio, gold and silver saw a historic drawdown with a reported 10 trillion in value erased in three days. According to the source, gold fell 20% from its peak, erasing 7.4 trillion in market value, and silver dropped nearly 40%, wiping out 2.7 trillion. According to the source, the gold wipeout was framed as roughly five times the entire market cap of Bitcoin, emphasizing the cross asset scale versus BTC. Based on the source's figures, traders may prioritize liquidity and volatility management in precious metals, monitor BTC relative strength and the gold to BTC ratio, and adjust hedging and risk exposure as cross asset flows evolve.

According to @ReetikaTrades, citing The Kobeissi Letter, gold and silver have erased over 10 trillion in market cap in three days, roughly four times the total crypto market cap, highlighting crypto’s smaller relative size (source: @ReetikaTrades via The Kobeissi Letter). According to @ReetikaTrades, the cited post attributes the move to selling pressure with gold and silver falling below stated price levels (source: @ReetikaTrades via The Kobeissi Letter). According to @ReetikaTrades, this comparison frames position sizing and risk context between traditional commodities and crypto, with no additional verification provided beyond The Kobeissi Letter citation (source: @ReetikaTrades).

According to @CryptoMichNL, the RSI of Bitcoin versus Gold has fallen below 30, a condition he notes coincided with BTC bear market lows in 2015, 2018, and 2022, source: @CryptoMichNL. He adds that this trigger is hitting again now, suggesting BTC may be entering the historical bear market end zone when measured against Gold, source: @CryptoMichNL. Traders watching cycle-bottom signals may consider this sub-30 RSI on the BTC versus Gold cross as a historically relevant momentum marker per his analysis, source: @CryptoMichNL.

According to @CryptoMichNL, the BTC to gold valuation has fallen below 30, a level he associates with historic bear market low zones (source: @CryptoMichNL). He cautions that a second leg down remains possible despite this signal, citing similar structures in 2022 during the November breakdown and in 2018 with further downside continuation (source: @CryptoMichNL). He also notes the production cost of one BTC is really close, underscoring caution for traders around potential bear market lows and drawdown risks (source: @CryptoMichNL).

According to @CathieDWood, the bitcoin (BTC) to gold price correlation has been 0.14 since early 2020, and gold led the last two significant BTC bull runs in the past two major cycles (source: @CathieDWood on X). According to Lorenzo Valente, cited by @CathieDWood, gold’s market cap as a share of US M2 is at an all-time high near 170%+, matching 1934 and above 1980, and extremes in this ratio have coincided with macro stress and dollar regime shifts, with 1980 preceding a large gold drawdown (source: Lorenzo Valente on X via @CathieDWood). Based on these source observations, traders can monitor gold momentum and the gold-to-M2 ratio as potential lead cues for BTC trend inflections and use gold strength or reversals as confirmation signals for BTC exposure adjustments during potential pivot conditions (source: @CathieDWood and Lorenzo Valente on X).

According to @KobeissiLetter, Tether purchased 27 tonnes of gold in Q4 2025, lifting its total to a record 143 tonnes reportedly valued around 24 billion dollars, with the scale now exceeding most central banks; this follows additional purchases in Q3 and Q2. Source: @KobeissiLetter. For traders, this reserve buildup and diversification into gold can influence perceptions of USDT backing and liquidity, making USDT flows, stablecoin dominance, and gold crypto correlations key metrics to monitor. Source: @KobeissiLetter.

According to @StockMKTNewz, silver fell 31% in its sharpest single-day drop since March 1980, while gold declined 11% in its worst single-day move since January 1980. According to @StockMKTNewz, these represent the steepest daily losses in decades for both metals.

According to @simplykashif, gold saw more than 6.3 trillion in market capitalization erased within 24 hours, described as the largest drawdown in history, source: @simplykashif. Silver reportedly fell over 35 percent, dropping below 75 per ounce in its worst single day in 46 years, source: @simplykashif. The post also claims over 15 trillion vanished from global markets in 48 hours, signaling extreme risk-off and acute volatility, source: @simplykashif. For traders, this points to elevated gap risk and potential forced deleveraging; closely monitor XAUUSD and XAGUSD for liquidity pockets, volatility spikes, and range breaks, source: @simplykashif.

According to Santiment, ongoing debates about profits rotating from precious metals into cryptocurrencies were met with an unusual split: gold fell more than 8 percent and silver more than 25 percent, while Bitcoin (BTC) and altcoins remained flat, indicating limited cross asset spillover on the day (source: Santiment).

According to @DowdEdward, US stock market volatility is roughly two standard deviations below its historical average and his team expects mean reversion in 2026, citing charts from their 2026 outlook report (source: @DowdEdward). He also highlighted a separate post from @barkmeta claiming extreme stress in gold and silver and describing it as a black swan event, flagging cross-asset risk (source: @barkmeta via @DowdEdward). Based on @DowdEdward’s outlook, traders may prepare for a potential rise in realized and implied volatility into 2026 by reassessing hedges and optionality around SPX and VIX and monitoring precious metals for spillover signals (source: @DowdEdward).

According to @ai_9684xtpa on X, gold briefly broke below 5200 USD before rebounding to 5450, the Nasdaq’s intraday drawdown eased to a modest close, BTC fell under 84,000 and ETH slipped below 2,800 before stabilizing near 84,000 and 2,808 by morning. According to @ai_9684xtpa on X, the takeaway is BTC mirrored gold’s downside but not the rebound, with a synchronized slide across US equities, precious metals, and crypto.

According to Cathie Wood, odds are high that the gold price will decline because the gold market cap relative to US M2 money supply hit an all-time high intraday, surpassing its 1980 peak when inflation and interest rates were in the mid-teens, signaling stretched valuation versus liquidity; this highlights potential mean reversion risk for gold-to-M2 positioning. Source: Cathie Wood, X. For traders, her view points to elevated downside risk in gold exposure and supports considering hedging or reducing long positions if her valuation warning proves right. Source: Cathie Wood, X.

According to @EricBalchunas, seven of the top 11 most traded ETFs were commodities focused on gold, silver, and bitcoin. According to @EricBalchunas, SPDR Gold Shares GLD posted its highest ever trading volume, about 50 percent above its previous record. According to @EricBalchunas, iShares Bitcoin Trust IBIT and iShares Silver Trust SLV each recorded a top five all time volume day.

According to @lookonchain, wallet 0x8709ac3CeaAe2a7A70c1D8e39DF9804def7cAC54 spent 5.6M USDC to buy 1,066 XAUT at 5,261 and then deposited 3.5M USDC to Hyperliquid to open longs sized at 53,528 SILVER (6.48M) and 158.36 GOLD (876K), while shorting 4,229 NVDA (809K). According to @lookonchain, these flows show the address is positioned long precious metals via XAUT, SILVER, and GOLD and short NVDA via Hyperliquid.

According to @StockMKTNewz, gold’s total market capitalization now exceeds 38 trillion dollars after rising by roughly 4 trillion dollars over the last two days. Per @StockMKTNewz, that two-day increase alone is approximately the size of Google’s market cap and roughly twice Bitcoin’s (BTC) total market capitalization, offering traders a scale comparison for positioning between gold and BTC.

According to @CryptoMichNL, the only historical day that Gold’s relative strength index exceeded 91 was the 1979 peak, and he adds the current RSI is higher than August 2020 levels. According to @CryptoMichNL, after August 2020, Gold consolidated while Bitcoin rallied 5 to 6 times. According to @CryptoMichNL, this historical comparison highlights a prior period when BTC outperformed during Gold consolidation, providing context for risk allocation decisions.

According to @KobeissiLetter, commodities have been rising more than 5% across the board, with gold, silver, copper, and platinum at record highs, energy prices rebounding, and the S&P 500 (SPX) at 7000. According to @KobeissiLetter, this backdrop supports momentum-focused long setups in metals and energy and relative-strength rotation into resource-linked equities and ETFs tied to gold, silver, copper, and energy. According to @KobeissiLetter, traders should manage overextension risk around record highs with defined stops and plan for potential pullbacks while the cross-asset trend remains favorable.