1๏ธโฃ ๐บ๐ธ United States - 8,133 t $XAU 2๏ธโฃ ๐ฉ๐ช Germany - 3,351 t 3๏ธโฃ ๐ฎ๐น Italy - 2,452 t 4๏ธโฃ ๐ซ๐ท France - 2,437 t 5๏ธโฃ ๐ท๐บ Russia - 2,333 t 6๏ธโฃ ๐จ๐ณ China - 2,280 t 7๏ธโฃ ๐จ๐ญ Switzerland - 1,040 t 8๏ธโฃ ๐ฎ๐ณ India - 880 t 9๏ธโฃ ๐ฏ๐ต Japan - 846 t ๐ ๐ณ๐ฑ Netherlands - 612 t
Central banks donโt buy gold for fun. They buy it for survival. $ARPA $MEME
Now think: $AXS - Bitcoin market cap: still a rounding error - Gold: one of the largest slices - Stocks: bloated by decades of liquidity - Bonds: under pressure as yields reset
Markets donโt need new money. $BTTC They just need rotation.
Even a 1% shift of this pool changes everything. ๐
The irony of 2026 is brutal: China - the country that banned crypto - is only 4,012 BTC behind the United States. $RESOLV
Let that sink in. $DODO
What is actually happening: - United States holds ~198,012 BTC - Built through seizures - Now formalized as a Strategic Bitcoin Reserve - No selling - Long-term positioning
- China holds ~194,000 BTC - Mostly from the PlusToken seizure - BTC stayed on the books despite the ban
Headlines say bans. Balance sheets say accumulation.
Bitcoin has NOT printed a blow-off top yet this cycle. $RESOLV
What we are seeing now: $BTR - Pre blow-off surge phase - Momentum building, not climaxing $AUCTION - No euphoric expansion candle yet
Historically, the cycle completes like this: - Pre blow-off rally - Vertical blow-off top - Sharp pullback - Recovery and consolidation - Then reset into next halving cycle
With the next halving in Feb 2028, time is still on Bitcoinโs side. ๐
- Long-term Bitcoin holders stopped selling $AUCTION - The group that usually distributes near tops is inactive $NOM - Major overhead supply just disappeared $ZKC