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Precious metals cool down, funds shift towards BTC and ETH
【ChainNews】Recently, the precious metals market has experienced a significant correction. The trading activity in platinum, palladium, and silver has been overly intense in the short term, with very strong overbought signals, leading many traders to take profits and exit. When bullish sentiment reaches its peak, a correction becomes inevitable—this is the market’s self-healing mechanism.
Interestingly, this wave of adjustment reveals a reallocation of funds. Many capital flows are withdrawing from these relatively overvalued assets and shifting toward assets like BTC and ETH, which are comparatively undervalued. This rotation effect has already driven a preliminary rebound in these two mainstream cryptocurrencies in the short term.
That’s how the market works: when a sector overheats, smart money acts early to seek the next opportunity. Currently, the rebound of BTC and ETH may just be beginning.