Traders’ Move Off Bitcoin, Shift Capital Flows To Gold, AI And Tech Stocks

Bitcoin and gold are diverging significantly in 2026, with gold climbing 153% while Bitcoin has dropped about 30%. Analyst Jurrien Timmer suggests this aligns with steady global money supply growth and cooling appetite for risky tech stocks. Gold acts as a pure "hard money" asset tracking money supply, whereas Bitcoin's strongest rallies historically occurred when liquidity growth aligned with rising software and SaaS stocks, indicating Bitcoin carries high-beta characteristics amplifying market moves. Currently, ample liquidity exists alongside a bear phase in speculative sentiment, favoring gold over Bitcoin. Furthermore, demand on crypto platforms is rotating toward gold-linked products, evidenced by high volume in Binance's gold futures. Concurrently, Binance's total portfolio value across major crypto assets has fallen significantly to its lowest level since April 2025, suggesting reduced capital on exchanges and cautious trader positioning for Bitcoin.

(Source：Cointelegraph)