TechFlow news, on December 25, Garrett Jin, suspected operator of the "1011 insider address" and co-founder of XHash, posted on social media stating, "As leading precious metals such as platinum, palladium, and silver experience significant price corrections, Bitcoin and Ethereum have started to rebound.
Positions in these metals have become overly crowded and severely overbought in the short term, increasing risks. This has triggered profit-taking, with capital shifting from overheated trades to relatively undervalued assets."
Previous report, suspected "1011 insider address" operator Garrett Jin stated yesterday: the rise in precious metals is unsustainable, and funds will shift toward Bitcoin and Ethereum in the future.
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