Good morning ☕

Recently, I noticed an interesting phenomenon — after gold and silver retreat from their highs, funds seem to be quietly shifting. Where is this money flowing? Straight into the crypto market.

The data is right here: the cumulative trading volume of US stock spot ETFs has already surpassed the $2 trillion mark. One leading ETF product accounts for nearly 70% of the liquidity, which shows how aggressive the movement has been.

Looking at the overall situation this year, Bitcoin has absorbed approximately $1.2 trillion in fiat inflows over the past year. The data for just January alone is already quite impressive. This is not small-scale activity; it’s a real choice by institutions and serious capital.

From traditional safe-haven assets to crypto assets, what does this "handover effect" reflect? The market is redefining the relationship between risk and return.