2026-01-09 03:00:30

#以太坊大户持仓变化 $BTC vs Gold: A Power Shift in Narratives

Look at the numbers for 2025 and you'll understand:
🥇 Gold increased by 71%
🥈 Silver increased by 159%
🪙 Bitcoin decreased by 6%

In times of rising geopolitical tensions and the shadow of stagflation, institutional investors made a cool-headed choice — abandoning the story of "digital gold" and turning to a true millennium-long safe haven. Decades of consensus, but it couldn't withstand a thousand years of belief.

What does this reflect?

> Bitcoin is quietly changing its identity: transforming from an "anti-fragile alternative asset" into a "high-volatility risk asset"

Sound discouraging? Actually, this is an inevitable stage of asset growth:

**Early Stage**: Niche, highly volatile, low correlation, abundant profit opportunities = Legend
**Mature Stage**: Institutional entry, macro-linked, periodic adjustments = Reality
**Future Form**: It might behave like gold, performing modestly or even losing money during certain periods

Investors need to change their mindset:

❌ Stop believing that "Bitcoin only rises and never falls"
✅ View it as part of the entire asset basket, judged by interest rates, dollar strength, and market risk appetite
✅ The halving cycle still matters, but its importance is declining

⚠️ Speaking of which, if liquidity loosens again in 2026, there will definitely be a rebound opportunity. But by then, it won't be an "independent crypto market," just the effect of a "general rebound of risk assets."

History won't repeat itself, but the evolution of market structure will render old rules ineffective. The -6% in 2025 is less a failure and more a pain point as Bitcoin transitions from a faith-based asset to a mainstream one.

BTC-0,62%

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GhostChainLoyalist

· 01-09 03:29

Ten years of faith is finally awakened by a thousand years of gold, this is reality... Institutions are truly becoming rational. BTC is still falling, and we are still waiting for the halving. LOL --- Rather than saying failure, it's more like transformation. Sounds good, but I still want to buy the dip. --- -6% is nothing. I bought at a high point as a retail investor, and now I am numb. --- Liquidity easing leads to a rebound? That’s still driven by animal instincts, not independence. --- A thousand years of gold defeating ten years of BTC, a bit hopeless... but let’s see in 2026. --- Treating BTC as a risk asset for allocation is indeed more rational, but then it loses its uniqueness. --- This is called the "Consensus Tax." Early investors have already enjoyed the dividends, now it’s time for the snowball to hit.

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BearMarketBuyer

· 01-09 03:28

Gold up 71%, Bitcoin down 6%, this gap is really outrageous... Institutions have all moved to gold, and us believers in Bitcoin have really been cut again and again.

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PortfolioAlert

· 01-09 03:07

Gold has risen by 71% while Bitcoin has fallen by 6%. This is the reality; we can never go back to the era of only rising without falling. Institutions are really voting with their feet; the story of digital gold is no longer convincing.

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WagmiWarrior

· 01-09 03:03

The thousand-year consensus on gold has really crushed the narrative of Bitcoin's ten-plus years, which is outrageous. Hurry up and change BTC from a belief asset to a risk asset, or else you'll continue to lose everything in 2026. Institutional investors have run much faster than us and have already been hoarding gold.

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