#2026年比特币价格展望 Why is Bitcoin ≠ Gold? Understand the capital rotation, and you'll win!

Looking at the bull market script, you'll notice an interesting phenomenon: gold prices often start rising first, but when they enter consolidation, Bitcoin can surge by about 400% in a short period. This is not luck, but an inevitable pattern of macro liquidity.

**The Three Stages of Capital Migration**

Once the liquidity injection cycle begins, the actions of smart money follow a fixed pattern. In the first stage, large sums of capital flow into "safe assets" like gold and government bonds. The reason is simple—seeking consensus and safety. But this stage doesn't last long. As gold's liquidity accumulates and prices enter consolidation, a problem arises: there’s still a lot of idle money with nowhere to go.

This marks the start of the second stage. Funds begin seeking outlets with greater elasticity and narrative tension. The crypto market, with its imagination space and market depth, becomes the final destination for this liquidity migration. As the largest consensus asset, Bitcoin naturally becomes the first choice for capital inflow.

**What is the essence?**

In plain terms, this is a process where, under an environment of monetary oversupply, capital shifts from "stock competition" to "incremental frenzy." Once there's more money, it always flows to places with the least resistance and the greatest imagination space. Gold is the first safe haven, but Bitcoin is the ultimate stage of this feast.

The innate profit-seeking nature and cyclical rhythm of capital have never changed. When the next liquidity cycle arrives, are you ready to seize the wave of capital flowing out of gold and into the crypto market? $ETH

What do you think will be the next "Bitcoin"? Share your asset allocation ideas in the comments.