Quick Facts:
- 1️⃣ Gold’s market cap lost $1.75T in one day, marking its sharpest drop since 2013.
- 2️⃣ The drop has sparked talk of a liquidity shift from gold into cryptocurrency.
- 3️⃣ Early signs show exactly that, with $14.96M in net $USDT inflows and Bitcoin briefly touching $114K.
- 4️⃣ Bitcoin Hyper ($HYPER), PEPENODE ($PEPENODE), and Aster ($ASTER) could benefit from renewed market risk appetite.
Gold just wiped out $1.75T in market value in a single trading day. That’s the sharpest drop it has experienced since 2013. The question now floating around investors is: where does all that liquidity go next?
The sell-off came as traders grew optimistic of a possible Trump-Xi trade deal, which cooled the ‘risk-off’ sentiment that had been driving crazy amounts of money into gold over the past few weeks. With fears of escalating tariffs easing, capital began shifting out of safe havens and back toward risk assets.
This shift showed fast. Bitcoin ($BTC) reclaimed $110K before flying up as high as $114K within hours. The total crypto market cap broke back above $3.8T for the first time in almost a week, too.
Unfortunately, this was short-lived. It didn’t take long for fear to show up again, and $BTC moved back down to around $108K, with the total crypto market cap now at $3.64T.
But even stablecoin flows echoed the initial positive bounce. Data from Coinglass shows there was a $14.96M net inflow into $USDT in the past 24 hours. This suggests sidelined capital is warming up to re-enter the market.
Author: Aidan Weeks
