Bitcoin vs gold: BTC's three-month uptrend has snapped
Hex37's read
- Bitcoin's three-month uptrend versus gold has ended.
- This breakdown coincides with increased investment in gold ETFs.
- Precious metals are seeing strong inflows.
What it means for traders
- Traders may consider shorting BTCUSDT or going long on gold-related assets.
- Shift in sentiment suggests a potential move from risk-on (BTC) to risk-off (gold).
Affected markets
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