{"id":127279,"date":"2025-04-16T09:16:10","date_gmt":"2025-04-16T09:16:10","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127279"},"modified":"2025-04-16T09:16:10","modified_gmt":"2025-04-16T09:16:10","slug":"bitcoin-trader-sees-gold-blow-off-top-as-xau-nears-new-3-3k-record","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127279","title":{"rendered":"Bitcoin trader sees gold &#039;blow-off top&#039; as XAU nears new $3.3K record"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) faces an uphill struggle as a safe haven in 2025 as gold fund inflows circle $80 billion.<br \/>\nData from Bank of America (BoA) uploaded to X by trading resource The Kobeissi Letter on April 15 confirms gold\u2019s \u201cbest streak\u201d since 2013.<br \/>\nGold beats records as Bitcoin ETFs slump<br \/>\nAs the US trade war sees investors flee to gold, Bitcoin has lost the limelight as a hedge against macroeconomic volatility.<br \/>\nBoA figures show inflows to gold funds beating records, with data from Cointelegraph Markets Pro and TradingView capturing new all-time highs for XAU\/USD near $3,300 per ounce on April 16.<br \/>\n\u201cGold 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,\u201d Kobeissi noted.\u00a0<br \/>\n\u201cInvestors 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.\u201d<br \/>\nGold fund flows chart. Source: The Kobeissi Letter\/XBTC 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 reached five-month lows earlier in April.<br \/>\nData from onchain analytics platform Glassnode calculates that the ETFs\u2019 combined assets under management fell from $106 billion at the start of the year to $92 billion this week.<br \/>\n\u201cGold prices have also hit 52 all-time highs over the last year, posting the best streak in 12 years,\u201d Kobeissi concluded.\u00a0<br \/>\n\u201cGold is the global safe haven.\u201d<br \/>\nUS spot Bitcoin ETF balances. Source: GlassnodeGold \u201cterminal top\u201d meets Bitcoin bulls<br \/>\nDespite its repeated new records, market commentators already see gold\u2019s unprecedented upside coming to an end.<br \/>\nRelated: Can 3-month Bitcoin RSI highs counter bearish BTC price \u2018seasonality?\u2019<br \/>\nAddressing the topic on X this week, veteran trader Peter Brandt called a \u201cblow-off top\u201d on XAU\/USD.<br \/>\n\u201cGold has now entered its blow-off stage,\u201d he summarized.\u00a0<br \/>\n\u201cSuch 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&#8217;s ability to meet margin calls.\u201d<br \/>\nXAU\/USD 1-day chart. Source: Peter Brandt\/XA 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 delay of several months.<\/p>\n<p>Great chart from my Partner, David Foley.Shows how Gold moves first, Bitcoin follows harder. Scale different for each.@DAAF17 pic.twitter.com\/jHMe6apewj\u2014 Lawrence Lepard (@LawrenceLepard) April 13, 2025<\/p>\n<p>\u201cNobody really knows why that happens,\u201d Professional Capital Management founder and CEO Anthony Pompliano told CNBC on April 15.<br \/>\nPompliano suggested that traditional financial entities were either unauthorized or simply \u201cnot used\u201d to the idea of Bitcoin as protection against macro uncertainty.<br \/>\n\u201cWhat 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,\u201d he said.<br \/>\nThis 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.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-trader-gold-blow-off-top-xau-new-3-3-k-record?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) faces an uphill struggle as a safe haven in 2025 as gold fund inflows circle $80 billion. Data from Bank of America (BoA) uploaded to X&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127279"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127279"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127279\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127279"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}