Recently, an interesting phenomenon has emerged: precious metals have surged over 70% this year, while Bitcoin has been relatively sidelined. This is not just a market sentiment issue; it reflects a large-scale shift of risk-averse capital.

Looking at the data makes it clear—precious metals are extremely hot in the US stock market, attracting traditional investors en masse. What’s the result? The crypto market is starting to feel the pressure. Although the BTC spot ETF has already attracted $57 billion, it cannot stop the trend of funds flowing into physical assets. It’s like a seesaw—when precious metals rise, crypto has to give way.

What’s more painful is that this phenomenon has repeatedly occurred in history. Every time precious metals and crypto assets form this kind of opposition, the market faces a critical choice. Investors need to realize that this capital shift not only drags down Bitcoin but also hits altcoins harder—once liquidity dries up, small-cap coins will be the first to suffer.

From a technical perspective, Bitcoin is currently at 88,395 USDT. There is a nearby support at 87,203 below, and further down is the 86,619-87,566 range. If it drops to 87,203, it could be a good opportunity to go long, but a break below that should trigger stop-loss. Resistance above is at 89,432, with a nearby resistance zone at 89,037-89,557. Be cautious if it rebounds to this area.

The current trading strategy is simple: hold the support level for a potential rebound, and cut losses promptly if it breaks. The key is to avoid getting trapped by liquidity traps—make sure the traded tokens have sufficient trading volume, and don’t get locked in.