Gold futures OI rose about 30% in a day, and silver about 13%; over the same period, BTC OI fell about 5% and ETH about 4%.
Some are calling this “safe-haven money flowing back into crypto”—I disagree. Money is adding positions in commodities, while crypto is deleveraging. A deep sell-off ≠ confirmation of a bottom.
Do you think this is a safe-haven rotation, or simply a drag from overseas markets? Share your take in the comments.
$ETH $SOL $BNB
Some are calling this “safe-haven money flowing back into crypto”—I disagree. Money is adding positions in commodities, while crypto is deleveraging. A deep sell-off ≠ confirmation of a bottom.
Do you think this is a safe-haven rotation, or simply a drag from overseas markets? Share your take in the comments.
$ETH $SOL $BNB