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Behind the strong rise of gold and silver: Why is Bitcoin trapped in a turbulent predicament?
[Coin World] The recent market performance is quite interesting. Gold and silver have been rising steadily, with a clear increase in safe-haven sentiment. However, during the same period, Bitcoin has been stuck in a range-bound quagmire, unable to rise.
What exactly is going on? Analysts point out that the reason precious metals continue to attract capital is mainly due to the ongoing influx of global risk-averse funds. In the face of economic uncertainty, investors instinctively funnel their money into traditional safe-haven assets. On the other hand, Bitcoin finds itself in a bit of an awkward position. On one hand, buying demand is clearly weak, while on the other hand, short-term holders are also selling off their holdings. Under this dual pressure, it naturally gets stuck here and can't move. This reflects the divergence in market sentiment—precious metals are in demand, while the crypto market is digesting pressure.