04-16-2025, 11:41 AM
Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5MzkzY2MtZjNjNS03MmViLTgyMTMtZDNiNTQxZjEyOWJl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5MzkzY2MtZjNjNS03MmViLTgyMTMtZDNiNTQxZjEyOWJl.jpg" alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) faces an uphill struggle as a safe haven in 2025 as gold fund inflows circle $80 billion.<p><a data-ct-non-breakable="null" href="https://x.com/KobeissiLetter/status/1912204673240662143" rel="null" target="null" text="null" title="null">Data</a> from Bank of America (BoA) uploaded to X by trading resource The Kobeissi Letter on April 15 confirms gold’s “best streak” since 2013.</p><h2>Gold beats records as Bitcoin ETFs slump</h2><p>As the US trade war sees investors flee to gold, Bitcoin has lost the limelight as a hedge against macroeconomic volatility.</p><p>BoA figures show inflows to gold funds beating records, with data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/chart/Aiej0hLA/?symbol=OANDA%3AXAUUSD" rel="null" target="null" text="null" title="null">TradingView</a> capturing new all-time highs for XAU/USD near $3,300 per ounce on April 16.</p><p>“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. </p><blockquote>“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.”</blockquote><figure><img alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record" src="https://s3.cointelegraph.com/uploads/2025-04/01963d89-859b-7bd2-ad7d-c9a111e67b52" title=""><figcaption style="text-align: center;"><p><em>Gold fund flows chart. Source: The Kobeissi Letter/X</em></p></figcaption></figure><p>BTC price action, by contrast, paints a very different picture. Despite the appearance of the US spot Bitcoin exchange-traded funds (ETFs) and growing global integration, BTC/USD <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/was-bitcoin-price-drop-to-75k-the-bottom-data-suggests-btc-to-stocks-decoupling-will-continue" rel="null" target="null" text="null" title="null">reached five-month lows</a> earlier in April.</p><p>Data from onchain analytics platform <a data-ct-non-breakable="null" href="https://studio.glassnode.com/charts/institutions.UsSpotEtfBalancesAll?a=BTC&c=usd&zoom=all" rel="null" target="null" text="null" title="null">Glassnode</a> calculates that the ETFs’ combined assets under management fell from $106 billion at the start of the year to $92 billion this week.</p><p>“Gold prices have also hit 52 all-time highs over the last year, posting the best streak in 12 years,” Kobeissi concluded. </p><blockquote>“Gold is the global safe haven.”</blockquote><figure><img alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record" src="https://s3.cointelegraph.com/uploads/2025-04/01963d8a-80db-73c7-8299-97a892b1d2d8" title=""><figcaption style="text-align: center;"><p><em>US spot Bitcoin ETF balances. Source: Glassnode</em></p></figcaption></figure><h2>Gold “terminal top” meets Bitcoin bulls</h2><p>Despite its repeated new records, market commentators already see gold’s unprecedented upside coming to an end.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/can-3-month-bitcoin-rsi-highs-bearish-btc-price-seasonality" rel="null" target="null" text="null" title="null"><em><strong>Can 3-month Bitcoin RSI highs counter bearish BTC price ‘seasonality?</strong></em></a><em><strong>’</strong></em></p><p>Addressing the topic on X this week, veteran trader Peter Brandt called a “blow-off top” on XAU/USD.</p><p>“Gold has now entered its blow-off stage,” he summarized. </p><blockquote>“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.”</blockquote><figure><img alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record" src="https://s3.cointelegraph.com/uploads/2025-04/01963d8b-4597-799d-8f52-1b235f6b3e92" title=""><figcaption style="text-align: center;"><p><em>XAU/USD 1-day chart. Source: Peter Brandt/X</em></p></figcaption></figure><p>A gold comedown may well leave room for Bitcoin to catch up, per a popular theory that says that BTC/USD copies gold trends with a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-3-months-copy-gold-bull-run-analyst" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-3-months-copy-gold-bull-run-analyst">delay of several months</a>.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Great chart from my Partner, David Foley.<br>Shows how Gold moves first, Bitcoin follows harder. Scale different for each.<a href="https://twitter.com/DAAF17?ref_src=twsrc%5Etfw">@DAAF17</a> <a href="https://t.co/jHMe6apewj">pic.twitter.com/jHMe6apewj</a></p>— Lawrence Lepard (@LawrenceLepard) <a href="https://twitter.com/LawrenceLepard/status/1911484469954957596?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>“Nobody really knows why that happens,” Professional Capital Management founder and CEO Anthony Pompliano told CNBC on April 15.</p><p>Pompliano suggested that traditional financial entities were either unauthorized or simply “not used” to the idea of Bitcoin as protection against macro uncertainty.</p><p>“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.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/_PyeMOoO4mE?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br><br></p></p>
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https://cointelegraph.com/news/bitcoin-t...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5MzkzY2MtZjNjNS03MmViLTgyMTMtZDNiNTQxZjEyOWJl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5MzkzY2MtZjNjNS03MmViLTgyMTMtZDNiNTQxZjEyOWJl.jpg" alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) faces an uphill struggle as a safe haven in 2025 as gold fund inflows circle $80 billion.<p><a data-ct-non-breakable="null" href="https://x.com/KobeissiLetter/status/1912204673240662143" rel="null" target="null" text="null" title="null">Data</a> from Bank of America (BoA) uploaded to X by trading resource The Kobeissi Letter on April 15 confirms gold’s “best streak” since 2013.</p><h2>Gold beats records as Bitcoin ETFs slump</h2><p>As the US trade war sees investors flee to gold, Bitcoin has lost the limelight as a hedge against macroeconomic volatility.</p><p>BoA figures show inflows to gold funds beating records, with data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/chart/Aiej0hLA/?symbol=OANDA%3AXAUUSD" rel="null" target="null" text="null" title="null">TradingView</a> capturing new all-time highs for XAU/USD near $3,300 per ounce on April 16.</p><p>“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. </p><blockquote>“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.”</blockquote><figure><img alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record" src="https://s3.cointelegraph.com/uploads/2025-04/01963d89-859b-7bd2-ad7d-c9a111e67b52" title=""><figcaption style="text-align: center;"><p><em>Gold fund flows chart. Source: The Kobeissi Letter/X</em></p></figcaption></figure><p>BTC price action, by contrast, paints a very different picture. Despite the appearance of the US spot Bitcoin exchange-traded funds (ETFs) and growing global integration, BTC/USD <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/was-bitcoin-price-drop-to-75k-the-bottom-data-suggests-btc-to-stocks-decoupling-will-continue" rel="null" target="null" text="null" title="null">reached five-month lows</a> earlier in April.</p><p>Data from onchain analytics platform <a data-ct-non-breakable="null" href="https://studio.glassnode.com/charts/institutions.UsSpotEtfBalancesAll?a=BTC&c=usd&zoom=all" rel="null" target="null" text="null" title="null">Glassnode</a> calculates that the ETFs’ combined assets under management fell from $106 billion at the start of the year to $92 billion this week.</p><p>“Gold prices have also hit 52 all-time highs over the last year, posting the best streak in 12 years,” Kobeissi concluded. </p><blockquote>“Gold is the global safe haven.”</blockquote><figure><img alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record" src="https://s3.cointelegraph.com/uploads/2025-04/01963d8a-80db-73c7-8299-97a892b1d2d8" title=""><figcaption style="text-align: center;"><p><em>US spot Bitcoin ETF balances. Source: Glassnode</em></p></figcaption></figure><h2>Gold “terminal top” meets Bitcoin bulls</h2><p>Despite its repeated new records, market commentators already see gold’s unprecedented upside coming to an end.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/can-3-month-bitcoin-rsi-highs-bearish-btc-price-seasonality" rel="null" target="null" text="null" title="null"><em><strong>Can 3-month Bitcoin RSI highs counter bearish BTC price ‘seasonality?</strong></em></a><em><strong>’</strong></em></p><p>Addressing the topic on X this week, veteran trader Peter Brandt called a “blow-off top” on XAU/USD.</p><p>“Gold has now entered its blow-off stage,” he summarized. </p><blockquote>“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.”</blockquote><figure><img alt="Bitcoin trader sees gold 'blow-off top' as XAU nears new $3.3K record" src="https://s3.cointelegraph.com/uploads/2025-04/01963d8b-4597-799d-8f52-1b235f6b3e92" title=""><figcaption style="text-align: center;"><p><em>XAU/USD 1-day chart. Source: Peter Brandt/X</em></p></figcaption></figure><p>A gold comedown may well leave room for Bitcoin to catch up, per a popular theory that says that BTC/USD copies gold trends with a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-3-months-copy-gold-bull-run-analyst" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-3-months-copy-gold-bull-run-analyst">delay of several months</a>.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Great chart from my Partner, David Foley.<br>Shows how Gold moves first, Bitcoin follows harder. Scale different for each.<a href="https://twitter.com/DAAF17?ref_src=twsrc%5Etfw">@DAAF17</a> <a href="https://t.co/jHMe6apewj">pic.twitter.com/jHMe6apewj</a></p>— Lawrence Lepard (@LawrenceLepard) <a href="https://twitter.com/LawrenceLepard/status/1911484469954957596?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>“Nobody really knows why that happens,” Professional Capital Management founder and CEO Anthony Pompliano told CNBC on April 15.</p><p>Pompliano suggested that traditional financial entities were either unauthorized or simply “not used” to the idea of Bitcoin as protection against macro uncertainty.</p><p>“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.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/_PyeMOoO4mE?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br><br></p></p>
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https://cointelegraph.com/news/bitcoin-t...er_inbound