Gold price falls below 3950! Crypto circle is stunned: This safe haven is even stronger than Bitcoin?

To be honest, I was also taken aback by the gold movement today. That veteran Bitcoin player Pompliano is absolutely right – when gold falls, it's called a correction, but when Bitcoin falls, it's called a crash? The standards are just too different.
Gold has always been regarded as a "safe haven" in everyone's mind, much more stable than Bitcoin. But take a look recently, London gold just set a new high of $4381 last week, and within a few days, it fell nearly 10%, plummeting $400 in a week. This drop rate is harsher than many altcoins. The most exaggerated was on October 21, when it fell over 6% in one day, setting a record since 2013, and even investment bank traders said, "This trend looks like a stock about to crash."
Why has gold suddenly fallen out of favor? I think it mainly has to do with the people who made enough profit leaving the market. Previously, gold prices surged too crazily, and both institutions and retail investors rushed in, leading to a massive buying of gold ETFs, which technically has long been overbought, so a correction was inevitable. Additionally, with the recent easing of international tensions and progress in China-U.S. trade, the demand for safe-haven assets has decreased, causing money to flow out of gold in search of higher returns elsewhere, such as in the stock market. Interestingly, the crypto market was quite active recently; although it hasn't directly taken away gold's market share, there is only so much capital available, and it tends to flow towards where the action is, which inevitably leaves gold neglected.
If you ask me, people in the crypto world are too familiar with the fluctuations of gold prices. They say gold is stable, but when it falls, it's not subtle at all. If Bitcoin falls by 8%, the media immediately screams "crash," but when gold drops this much, analysts still say it's a "healthy correction," just because it has risen 55% this year. This comparison is so real, just like our old saying in the crypto world: don't believe in anything absolutely safe, gold and Bitcoin are the same, when it rises too much, it has to fall, fundamentally it's all a game of capital.
Finally, let’s get to the point: whether dealing with gold or trading cryptocurrencies, one must understand the essence. Gold relies on the credit of the US dollar and demand for safe-haven assets, and now it's breaking 3950, with some waiting for the Federal Reserve to cut interest rates to save the day; Bitcoin relies on market confidence and technological narratives, experiencing large fluctuations but also many opportunities. Don’t panic just because gold is falling, and don’t chase after rising cryptocurrency prices. In investing, "stability" is always more important than "quick profits"—this applies everywhere.
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