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Home»Bitcoin»Bitcoin trader witnesses gold ‘blow off top’ as XAU is close to new $3.3K records

Bitcoin trader witnesses gold ‘blow off top’ as XAU is close to new $3.3K records

Bitcoin By Gavin16/04/2025
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BitcoinBTCGold fund inflows are expected to reach $80 billion by 2025, putting the.

Data Bank of America (BoA). This was uploaded on X, by the trading resource Kobeissi Letter. The letter confirms that gold is still a good investment. “best streak” Since 2013.

Bitcoin ETFs fall as gold reaches new records

Bitcoin’s status as a hedge for macroeconomic volatility has been eroded by the US trade conflict, which is causing investors to flock to gold.

BoA figures reveal that inflows into gold funds have exceeded records. Cointelegraph Markets Pro You can also find out more about the following: TradingView On April 16, XAU/USD reached new highs near $3300 per ounce.

“Gold fund net inflows have hit a record $80 BILLION year-to-date. This is 2 TIMES more than the previous high set in the full year 2020,” Kobeissi noted. 

“Investors are pouring money into gold at a record pace as the market uncertainty has skyrocketed. As a result, gold prices have rallied 22% year-to-date and have outperformed every other major asset class.”

Graph showing gold fund flow. Source: Kobeissi’s Letter/X

BTC’s price movement, on the other hand, is very different. Despite US Bitcoin ETFs and increasing global integration of BTC/USD, the price action is very different. reached five-month lows You can start your April earlier.

Onchain Analytics Platform Data Glassnode Calculations show that ETFs combined assets managed fell from $106 Billion at the beginning of the year, to $92 Billion this week.

“Gold prices have also hit 52 all-time highs over the last year, posting the best streak in 12 years,” Kobeissi conclussi. 

“Gold is the global safe haven.”

US Spot Bitcoin ETF Balances Source: Glassnode

Gold “terminal top” Meet Bitcoin Bulls

Commentators on the market are already predicting that gold’s unmatched rise will soon come to an end, despite its record-breaking performance.

Related: Can 3-month Bitcoin RSI highs counter bearish BTC price ‘seasonality?‘

Peter Brandt is a veteran investor who has been trading for over 30 years. “blow-off top” XAU/USD:

“Gold has now entered its blow-off stage,” He summarized. 

“Such rapid advancement will come to a terminal top, but attempting to pick a high can be very expensive. Blow off tops can extend well beyond a bear’s ability to meet margin calls.”

XAU/USD 1-day chart. Source: Peter Brandt/X

According to a theory popularly held, BTC/USD follows gold trend with an inverse correlation. delay of several months.

David Foley, my partner, has created a great chart.
Gold follows Bitcoin in the order of movement. Each scale is different.@DAAF17 pic.twitter.com/jHMe6apewj

— Lawrence Lepard (@LawrenceLepard) April 13, 2025

“Nobody really knows why that happens,” Anthony Pompliano, CEO of Professional Capital Management and founder of the company, told CNBC April 15 that he is also its founder.

Pompliano claimed that traditional financial institutions were illegal or just “not used” Bitcoin is a good way to protect against macro-uncertainty.

“What we do see though is that when gold runs, about 100 days later or so, Bitcoin not only catches up; it usually runs much harder, and so you get that higher volatility,” “He said”

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of decision.