đ„Bitcoinâs Sell-Off May Carry a Silver Lining
Bitcoinâs latest sell-off has revived debate over whether the move reflects short-term liquidity stress or a something deeper.
Bitcoinâs latest sell-off is sharpening a familiar market debate over whether the move reflects short-term positioning and liquidity stress, or signals a deeper erosion of Bitcoinâs thesis as a store of value.
Analysts broadly agree the drawdown is cyclical rather than structural, but diverge on what comes next and whether Bitcoin is still positioned to absorb capital rotating out of traditional refuges amid macro uncertainty and dollar strength.
After Fridayâs sharp reversal in metals, when gold slid, and silver posted one of its steepest single-day drops in decades, Bitcoin held relatively steady. Some observers began reassessing whether the recent metals trade had become crowded.
Bitcoin has since found a temporary footing, up 3.8% on the day to $78,800, according to CoinGecko data. It remains down 13.6% over the last 30 days.
While Bitcoin was previously seen as a âbeneficiary of strength in gold,â capital that âmay have flowed to crypto off such moves instead funneled to silver in recent months.