Gold dumping 17% from ATH is saving Bitcoin's image.
In a macro-uncertain and potentially inflationary environment where gold should perform well, it's selling off too.
Narrows the gap between BTC and gold performance without BTC having to do anything.
I wished BTC would save face by pumping to catch up with gold. But gold dumping achieves a similar effect.
At the end of the day, liquidity flows drive the market.
Everything is a trade in short-term periods.

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