🔥
#贵金属巨震 #MAX Safe-haven assets are no longer safe? Is it a blessing or a curse for the crypto world? 🎢
Friends, today when I opened my eyes, the precious metals market was simply a "massacre"! Spot gold plummeted over 12% during the day, marking the largest single-day drop in 40 years; silver experienced a "cliff-like drop" of over 36%. This is not just adjustment; it’s simply a crash.
Why the crash? The core reasons are twofold:
1. The Federal Reserve is set to change to a "hawkish" leader: Trump has nominated Kevin Warsh, who supports reducing the balance sheet and not cutting interest rates, as the next Federal Reserve chair. The market's expectation for "rate cuts and quantitative easing" has been shredded, leading to a stronger dollar that directly impacts gold priced in dollars.
2. Liquidity exhaustion and a stampede: The previous surge was too crazy, with silver prices deviating from the moving average even more than during the famous "Hunt brothers" manipulation period. Market liquidity was already scarce, and when expectations shifted, algorithmic trading and leveraged funds triggered a "long liquidation" stampede, with sell orders flooding in but no buyers to absorb them.
Implications for the crypto space:
· Short-term pain: Gold and Bitcoin are often seen as "safe-haven assets" or "fiat currency substitutes". The collapse of faith in precious metals will siphon off some overlapping allocated funds, putting pressure on market sentiment in the short term.
· Long-term reflection: This once again proves that no asset can rise indefinitely without a correction from fundamentals. The long-term narrative of "de-dollarization" for precious metals may not be over, but the extreme volatility is glaringly evident.
· Speculation on fund flows: Funds fleeing precious metals may partially flow into cash waiting on the sidelines, while another portion may seek newer, more growth-potential "value storage" stories?
This reminds us that true "value" needs to transcend mere speculation. Just like CZ donated all the rewards from last night's AMA to Giggle Academy, which pursues educational equity, and the
#MAX community's grassroots efforts worldwide, building a different, more fundamental, and humanistic "value storage". This may indeed be the ultimate answer that transcends any economic cycle.
@Max Charity