Bitcoin price holds steady as investors flee gold. Have safe-haven roles finally reversed?
ETF outflows don't tell the physical story. While paper traders panic-sell GLD shares, coin dealers report premiums climbing and inventory tightening. Bitcoin's correlation with tech stocks remains intact despite the narrative. Real money knows the difference between digital speculation and 5000 years of monetary history. Central banks added another 77 tonnes last month while retail investors chase volatility. The Middle East situation typically drives physical demand higher, not lower. Watch the COMEX registered inventory levels, not the ETF flows. Physical markets operate on different fundamentals than paper trading vehicles.