$PAXG The golden-sign of safe haven can no longer stand; the peak of the valuation cycle is already a thing of the past. Market value is stuck below 2 billion, ranked in the top forty, still 20% short of January's peak, and it has been unable to recover for more than half a year. A safe-haven asset can't even hold on to its own high. Whale accounts surged by nearly four points in seven hours, but positions only shifted by less than one point; all the entries were small positions, and the big money simply did not increase its bets.