Gold Crashes But $120 Billion Floods into Crypto As Trump Warns “Big Wave” Ahead
Following Trump's warning of a "big wave" in the Iran conflict, gold and silver plunged, while crypto assets like Bitcoin and Ethereum surged.Summary
US President Donald Trump's warning about a "big wave" coming in the escalating Iran conflict triggered a sharp, cross-asset reversal contrary to traditional safe-haven behavior. Gold and silver experienced massive sell-offs, wiping out an estimated $1.1 trillion in combined market value within an hour, with spot gold falling 2.05% and silver plunging 7%. Simultaneously, capital rotated aggressively into digital assets; Bitcoin surged over 5% past $68,000, adding $60 billion, and Ethereum climbed 5.8%, adding $23 billion, totaling approximately $120 billion flowing into crypto. Derivatives data indicated limited speculative leverage in crypto, suggesting resilience, as only about $300 million in liquidations occurred initially. This divergence from historical trends, where gold usually outperforms during geopolitical stress, suggests a shift in investor positioning, though volatility is expected to continue as the situation develops.
(Source：BeInCrypto)