According to Deep Tide TechFlow, on January 1, digital asset market research firm Delphi Digital posted on platform X, stating that the price of gold has risen by 120% since the beginning of 2024, marking one of the strongest historical increases. This surge has occurred without an economic recession, quantitative easing, or a financial crisis. Central banks purchased over 600 tons of gold in 2025, and it is projected that purchases will reach 840 tons in 2026.
Since gold has historically led Bitcoin by approximately three months at liquidity turning points, this trend holds reference significance for cryptocurrencies. Currently, gold has completed its repricing for the easing cycle, while Bitcoin sentiment remains influenced by previous cycle simulations and recent pullbacks. The performance of precious metal assets is signaling policy easing and fiscal dominance. When precious metals outperform stocks, the market is pricing in currency depreciation rather than a growth collapse. Volatility in the precious metals market may serve as a signal for the subsequent movements of other risk assets.
