Sunday market Tắm Má, Altcoin submerged in Red Color, Is the Money Flow rushing into Gold & Silver?

The weekend trading session is witnessing an extreme polarization: While the Crypto market is ablaze with red corrections, the precious metals group is soaring.

🔷 Looking at Crypto Bubbles, the red is enveloping nearly all categories:

- GameFi and NFT tokens are facing the heaviest sell-off pressure. Notably, $KAIA evaporated 21.1%, $AXS dropped 19.1%, and $OG decreased 15.6%.

- ETH, SOL, XRP all recorded declines of 2-5%, indicating a prevailing cautious sentiment.

Only a few names like RIVER and FLUID are going against the storm and maintaining green.

🔶 This price decline has triggered a widespread liquidation:

A total of 130.54 million USD has been wiped from the market in the past 24 hours.

Long positions are the main victims, suffering losses of 91.59 million USD, nearly 3 times that of short sellers.

🔷 On-chain data reveals negative signals from large wallets:

Owen Gunden just transferred 2,499 BTC to the exchange. This deposit action is often a sign of preparing to dump, putting heavy psychological pressure on BTC prices.

🔶 In stark contrast to Crypto, the safe-haven channel is booming on Binance:

Gold: Soaring to $5,050, setting a new high on this exchange.

Silver: Shooting up to $105.69.

The market is showing clear signs of Risk-off. Money is flowing out of Altcoins due to concerns over selling pressure from BTC whales and seeking refuge in the Gold/Silver frenzy being driven by macro news.

This article is for reference only and is not investment advice. Please read and consider carefully before making any decisions.