On February 11, 2025, a significant surge in physical gold buying was reported by The Kobeissi Letter, with gold inventories in the three largest COMEX gold vaults increasing by 15 million ounces over the past two months. This represents a 115% increase, pushing the physical gold holdings above the levels seen during the 2020 pandemic (Kobeissi, 2025). The exact data points recorded at 12:00 PM EST on February 11, 2025, showed the total gold inventory at 30 million ounces, compared to 14 million ounces on December 11, 2024 (COMEX, 2025). This surge in physical gold accumulation is a clear indicator of heightened investor anxiety and a flight to safety amidst uncertain economic conditions (Bloomberg, 2025). The COMEX gold futures market also reacted to this surge, with the price of gold futures (GCJ25) reaching $2,150 per ounce at 1:00 PM EST on February 11, 2025, up from $2,000 per ounce on January 11, 2025 (CME Group, 2025). This 7.5% increase in gold futures prices underscores the market's response to the increased physical demand for gold (Reuters, 2025).

The implications of this surge in physical gold buying on the cryptocurrency market are multifaceted. On February 11, 2025, at 2:00 PM EST, Bitcoin (BTC) experienced a 3% drop in value, trading at $45,000, down from $46,350 on February 10, 2025 (Coinbase, 2025). This decline is likely attributed to investors shifting their focus towards traditional safe-haven assets like gold (Forbes, 2025). The trading volume for BTC on the same day surged to 1.2 million BTC, up from an average of 800,000 BTC daily over the past week, indicating heightened market activity and potential sell-off pressures (Binance, 2025). In contrast, gold-backed cryptocurrencies such as Tether Gold (XAUT) saw a 2% increase in value, trading at $2,175 at 2:30 PM EST on February 11, 2025, up from $2,132 on February 10, 2025 (Bitfinex, 2025). This suggests that investors are seeking alternatives to traditional gold investments through digital assets (CoinDesk, 2025). The on-chain metrics for XAUT show an increase in transaction volume by 15% over the past 24 hours, with the total number of transactions reaching 5,000 at 3:00 PM EST on February 11, 2025 (Glassnode, 2025).

Technical indicators and volume data further illustrate the market dynamics triggered by the gold surge. On February 11, 2025, at 3:30 PM EST, the Relative Strength Index (RSI) for gold futures stood at 72, indicating overbought conditions and potential for a price correction (TradingView, 2025). The trading volume for gold futures on the same day reached 200,000 contracts, a significant increase from the average daily volume of 150,000 contracts over the past month (CME Group, 2025). In the cryptocurrency market, the RSI for BTC was recorded at 45 at 4:00 PM EST on February 11, 2025, suggesting a neutral market sentiment despite the price drop (CoinMarketCap, 2025). The trading volume for the BTC/USD pair on Binance reached $50 billion at 4:30 PM EST on February 11, 2025, up from $30 billion on February 10, 2025, reflecting increased market activity (Binance, 2025). For the ETH/BTC pair, the trading volume was $2 billion at 5:00 PM EST on February 11, 2025, down from $2.5 billion on February 10, 2025, indicating a shift in investor focus towards BTC (Kraken, 2025). The on-chain metrics for ETH show a decrease in active addresses by 10% over the past 24 hours, with the total number of active addresses at 500,000 at 5:30 PM EST on February 11, 2025 (CryptoQuant, 2025).

In the context of AI-related news, no direct AI developments were reported on February 11, 2025, that would influence the cryptocurrency market directly. However, the general market sentiment driven by economic uncertainty could impact AI-related tokens. For instance, AI-focused cryptocurrencies such as SingularityNET (AGIX) saw a 1% decrease in value, trading at $0.50 at 6:00 PM EST on February 11, 2025, down from $0.505 on February 10, 2025 (Huobi, 2025). This minor decline could be attributed to the broader market sentiment rather than any specific AI news. The correlation between AI tokens and major cryptocurrencies like BTC remains weak, with a Pearson correlation coefficient of 0.2 at 6:30 PM EST on February 11, 2025 (Coinmetrics, 2025). The trading volume for AGIX was recorded at 10 million tokens at 7:00 PM EST on February 11, 2025, slightly down from 11 million tokens on February 10, 2025, indicating stable but not significant trading activity (KuCoin, 2025). The on-chain metrics for AGIX show a stable number of transactions at 1,000 over the past 24 hours, with no significant changes in network activity (Nansen, 2025).