BREAKING
142d 4h ago

Bitcoin and Ethereum May Benefit as Funds Rotate From Precious Metals, Says BTC OG Insider

BTC

BTC/USDT

$80,860.63
+1.24%
24h Volume

$24,186,018,890.14

24h H/L

$82,048.13 / $79,230.31

Change: $2,817.82 (3.56%)

Long/Short
43.0%
Long: 43.0%Short: 57.0%
Funding Rate

-0.0025%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$80,717.00

-0.46%

Volume (24h): -

Resistance Levels
Resistance 3$89,065.20
Resistance 2$82,832.57
Resistance 1$81,114.70
Price$80,717.00
Support 1$80,188.81
Support 2$78,780.40
Support 3$77,541.20
Pivot (PP):$80,898.48
Trend:Sideways
RSI (14):58.3

COINOTAG News, December 24, cites crypto observer Garrett Jin—often referred to as “BTC OG Insider Whale”—stating that the recent rally in silver, palladium, and platinum has been driven by a short squeeze dynamic and may be difficult to sustain. He cautions that as these metals retreat, gold could follow lower, potentially sparking a reallocation from traditional precious metals toward digital assets such as Bitcoin and Ethereum.

Market participants should monitor liquidity flows as the metals complex wobbles, because a broad rotation into Bitcoin and Ethereum would reflect shifting risk sentiment rather than a fundamental shift in crypto value. The commentary aligns with ongoing demand for major cryptocurrencies amid macro uncertainty.

Share News:
Don't Miss Breaking News