When volume in XAUT and $PAXG suddenly jumps 100–200%, it’s not retail hype — it’s smart money rotating.
Retail doesn’t randomly trade tokenized gold; desks and funds do this when risk is being reduced, not exited.
Capital is staying on-chain, parked safely instead of going back to banks.
Tokenized gold works like a “pause asset” — liquid, low slippage, and easy to rotate back into crypto.
These volume spikes usually signal a transition, not a long-term trend.
When gold volume cools down, that’s often when $BTC BTC and strong alts start moving.
PAXGUSDT
Perpetuu
4,955.72
+0.74%
BTCUSDT
Perpetuu
69,000
+3.50%