Recently, gold price movements have attracted considerable attention. After reaching a historic high of $4,380 two weeks ago, it has recently fallen sharply, with a low of $3,915, a decline of about 11%. However, from an annual perspective, gold has still increased by nearly 70%, and this correction is more of a technical adjustment after the previous surge.

The truly noteworthy signals appear in the flow of funds. Gold ETFs have been continuously outflowing since October 22, with a total outflow of 1.064 million ounces, equivalent to nearly $4.1 billion. At the same time, the US spot ETF market shows an entirely opposite trend — Bitcoin spot ETFs have seen a net inflow of $839 million over the past period, with leading products like BlackRock's iBIT being the main drivers.

This phenomenon of "traditional safe-haven assets losing blood, digital assets gaining blood" warrants deep reflection. The data reflects a rotation of funds from established safe-haven tools to emerging asset classes.

Why might digital assets become the next major destination for capital? The main reasons include several aspects:

The macro environment shift has already become evident. By 2025, the Federal Reserve will have started a rate-cutting cycle, and a low-interest-rate environment is generally more favorable for high-growth potential assets. Historical data shows that Bitcoin has an 83% correlation with global liquidity, indicating that accommodative monetary policy often supports the upward movement of digital assets.

Institutional investor participation is continuously increasing. Not only is the scale of ETF products expanding, but nearly 200 listed companies have incorporated digital assets into their balance sheets. The ongoing accumulation actions by leading companies like MicroStrategy further demonstrate institutional recognition of its long-term value and strong allocation demand.