Gold and Bitcoin "safe haven" is an illusion! The real risk lies in the signals from the US stock market's volume!
Don't be fooled by the safe-haven market! The rise of gold and Bitcoin is not a real safe haven; the lack of volume in the US stock market is the most critical warning signal.
The weakening credibility of the US dollar is driving funds into gold and the crypto market, but gold prices have already deviated from supply and demand, and bubbles are emerging; Bitcoin is even viewed as a high-risk asset by institutions, with ETFs continuously flowing out, rendering its safe-haven properties virtually nonexistent. The new Fed Chair Powell's policy oscillates, only delaying the decline of the dollar, making it difficult to change the return to valuation, and the risk of chasing highs is extremely high.
The S&P 500 has stabilized above 6900 points, and tech stocks are supporting the frenzy, but two major hidden dangers lurk: valuations are severely deviating from performance, and tariff benefits are unsustainable; technical implementations are not meeting expectations, and concept speculation is hard to sustain. More dangerously, the S&P's trading volume continues to be below previous activation levels, ETF funds are shrinking, and money is quietly withdrawing from high-priced assets.
The market rebalancing has begun, and the emotion-driven rise will eventually come to an end. Rather than chasing bubbles, it is better to maintain cash flow and quality assets.
Do you think gold or Bitcoin will correct first, or will the US stock market plunge first?
