Money Flow Rotation: Gold over-the-counter trading volume makes up 54.2%, surpassing stocks at 38.7%, indicating that risk-averse funds are withdrawing from risk assets. This month, gold transactions are about $18.3 billion. China imported over 1,000 tons in the first eight months, and physical buy-side demand has been propping up the market.
At the current price: BTC 84,312, down 2.3% over the past 24 hours. Based on this signal, the share of gold transactions will keep rising. Any crypto rebound would be a weak counter-move—chasing longs isn’t worth it. Only when the gold transaction share falls back below that of stocks will it indicate that funds are flowing back into crypto. Treat the gold transaction share as a sentiment thermometer—one step ahead of just looking at the K-line. #BTC
At the current price: BTC 84,312, down 2.3% over the past 24 hours. Based on this signal, the share of gold transactions will keep rising. Any crypto rebound would be a weak counter-move—chasing longs isn’t worth it. Only when the gold transaction share falls back below that of stocks will it indicate that funds are flowing back into crypto. Treat the gold transaction share as a sentiment thermometer—one step ahead of just looking at the K-line. #BTC