Recently, this wave of decline is quite interesting. Gold, silver futures, and cryptocurrencies all plummeted simultaneously. At first glance, it seems like a coincidence, but the underlying logic is quite clear.

Let's start with the immediate causes. Margin requirements were raised, forcing high-leverage funds to liquidate; geopolitical tensions eased, reducing the support for safe-haven assets; key technical levels were broken, triggering automated stop-loss orders... These factors stacked together like dominoes.

Looking deeper, the problem lies in these two asset classes having experienced large gains earlier, with a strong speculative atmosphere. Prices had long diverged from fundamentals, sustained only by sentiment. Liquidity was already tight at the end of the year, and with rules changing, funds immediately flowed out. Money withdrew from this market and quickly moved to another, causing cross-asset declines to spread like this.

But don’t be too pessimistic. In the long term, the Fed lowering interest rates and central banks around the world continuing to buy gold still provide support. If Bitcoin rebounds, it will require liquidity conditions to improve and institutional funds to re-enter the market.

To put it simply, this adjustment is a warning from the market about excessive speculation. Don’t confuse short-term volatility with long-term value; this is something that needs to be clearly understood now.