Overview
- Bitcoin trades near $88,000 after a brief push above $90,000, roughly 30% below its October peak, while gold around $4,550 and silver near $80 post near‑record gains.
- Analysts including Bull Theory point to prior cycles where metals advanced first and Bitcoin rallied after their momentum cooled, viewing the current pause as sequencing rather than weakness.
- A major October 10 liquidation and subsequent deleveraging are cited as reasons Bitcoin has moved sideways as speculative positioning resets.
- Coindoo highlights a tightly coiled BTC/gold ratio, with Bloomberg’s Mike McGlone cautioning Bitcoin could keep lagging if market volatility stays muted.
- Potential catalysts discussed in coverage include renewed Fed liquidity, possible SLR relief for banks, expanded spot crypto ETFs, and improving regulatory clarity that could broaden institutional access.