Gold drops more than $120 in a day; spot price at 4,480, touched a low of 4,464 during the session—its lowest level in a week.
Vosch said, “There is still work to be done.” Rate-hike bets quickly heated up; the U.S. dollar strengthened, and gold was sold off. At the same time, the crypto market is also falling: BTC -3.21%, ETH -2.98%, SOL -5.13%.
This doesn’t look like a small adjustment in a single asset. Next, I’m only watching one thing: net flows into stablecoins and the major ETFs—to see whether money is exiting or if it’s just rotating into a different asset.
Vosch said, “There is still work to be done.” Rate-hike bets quickly heated up; the U.S. dollar strengthened, and gold was sold off. At the same time, the crypto market is also falling: BTC -3.21%, ETH -2.98%, SOL -5.13%.
This doesn’t look like a small adjustment in a single asset. Next, I’m only watching one thing: net flows into stablecoins and the major ETFs—to see whether money is exiting or if it’s just rotating into a different asset.