Market flows continue to favor traditional safe-haven assets, with gold and silver maintaining strong support as investors allocate capital toward defensive instruments amid macroeconomic uncertainty and risk aversion.
Summary
- Gold and silver continue to draw defensive inflows as investors seek stability amid macro uncertainty.
- Bitcoin has failed to attract strong new buying, with on-chain data showing limited accumulation and hesitation from fresh investors.
- Short-term holders have added selling pressure during pullbacks, leaving Bitcoin range-bound and lagging precious metals.
According to BTCUSA, Bitcoin has struggled to attract meaningful fresh demand. On-chain data shows limited accumulation, with new buyers hesitant to enter positions at current price levels, constraining upside momentum.
Short-term holders have emerged as a notable source of selling pressure, according to the report. These investors, who are more sensitive to price fluctuations, increased distribution during recent pullbacks, contributing to Bitcoin’s inability to sustain a rebound.
The divergence highlights a split in investor sentiment between asset classes. Precious metals have benefited from their established role as stores of value during periods of uncertainty, while Bitcoin has been treated as a high-beta risk asset, lagging behind defensive alternatives, the analysis noted.
Bitcoin is currently trading at around $87,178.67, down about 22.5% over the past three months.
It may remain range-bound as long as capital continues rotating into gold and silver.
A shift in risk appetite or a resurgence in spot demand would likely be required before Bitcoin can challenge higher resistance levels, the report stated.
