I see gold retreating significantly while macroeconomic pressures continue to tighten. Pretty predictable, right? When macro volatility increases, investors flee to cash. But Bitcoin is maintaining an interesting liquidity trend while all this is happening.

What draws attention is that Bitcoin continues to have liquidity flow despite all this pressure. While gold suffers from economic uncertainties, we see Bitcoin behaving quite differently. It seems the crypto market is entering one of those classic cyclical phases where the correlation with traditional assets weakens.

With BTC around 73k, the liquidity behavior becomes even more relevant. We are in a moment where these cyclical market phases are very evident – gold declines, Bitcoin holds steady. It’s worth monitoring how this evolves with upcoming monetary policy decisions.