Last night, when CPI came in, I wrote: Gold didn’t avoid a drop—it just fell the least, while crypto fell more.
Looking back 24 hours later, that ranking has flipped. Measured against the closing prices before CPI, here’s how much of the drop has been recovered:
$PAXG has recovered 94%. XAUT, also gold, has recovered 96%, up 1.23% over 24 hours—basically back to where it was before the data.
$BTC has recovered just 18%. It’s now at 80,540, down 3.96% from before the data, and still hovering near its 24-hour low of 79,800.
$ETH has recovered just 17%, at 2,351, down 6.60% from before the data.
With the same “core inflation at 2.6%, above expectations” reading, gold completed its recovery in one trading day, while crypto has been falling for a day and a half.
Last night, I attributed gold’s decline to “rising real yields weighing on non-yielding assets.” That explanation doesn’t hold up now—it’s not just that gold fell less; it’s already made up the loss. Meanwhile, the asset I treated as the main story back then is still stuck where it was.
One more data point: across the market, the share of long accounts in $BTC has risen from 57.1% last night to 64.0%, yet the price is still near its 24-hour low.
94% versus 18%—this isn’t a difference in sentiment; these are two completely different trajectories.
Which side did you believe last night?
#黄金 #BTC #CPI
Not investment advice
Looking back 24 hours later, that ranking has flipped. Measured against the closing prices before CPI, here’s how much of the drop has been recovered:
$PAXG has recovered 94%. XAUT, also gold, has recovered 96%, up 1.23% over 24 hours—basically back to where it was before the data.
$BTC has recovered just 18%. It’s now at 80,540, down 3.96% from before the data, and still hovering near its 24-hour low of 79,800.
$ETH has recovered just 17%, at 2,351, down 6.60% from before the data.
With the same “core inflation at 2.6%, above expectations” reading, gold completed its recovery in one trading day, while crypto has been falling for a day and a half.
Last night, I attributed gold’s decline to “rising real yields weighing on non-yielding assets.” That explanation doesn’t hold up now—it’s not just that gold fell less; it’s already made up the loss. Meanwhile, the asset I treated as the main story back then is still stuck where it was.
One more data point: across the market, the share of long accounts in $BTC has risen from 57.1% last night to 64.0%, yet the price is still near its 24-hour low.
94% versus 18%—this isn’t a difference in sentiment; these are two completely different trajectories.
Which side did you believe last night?
#黄金 #BTC #CPI
Not investment advice