$7 Billion Investment in Gold and Bitcoin Funds in 5 Days
Gold and Bitcoin (BTC) funds recorded a historic inflow of $7 billion over the last 5 trading days. This influx of capital coincided with Bitcoin's price surpassing the $80,000 mark, indicating a macro behavior known as the devaluation trade. Investors are pulling their liquidity from high-risk sectors like artificial intelligence and directing it towards gold and Bitcoin. Daily inflows into Bitcoin spot funds decreased from a peak of $606.3 million on August 20 to $232.2 million on Wednesday, reflecting profit-taking by traders near the psychological resistance of $80,000. The heavy rotation of liquidity from AI stocks towards gold and Bitcoin has reinforced BTC's position as one of the main pillars for mitigating the risk of currency devaluation.
-- Price
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