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Last time gold peaked, BTC increased 5 times. Now, BTC price vs gold shows a "historic divergence." Over the past 7 days, BTC price trend: January 19: $93,573 → January 26: $86,273. During the same period, gold hit a new all-time high, breaking through $5,000/ounce. Meanwhile, Smart Money is engaging in an "epic short" on Hyperliquid. 📉 Multiple short positions have accumulated over $1.5 billion, with entry prices well above the current price, indicating they started shorting when BTC was over $100k. This level of precision is beyond retail investors. Among them, Galaxy Digital holds a large amount of BTC in the spot market but is also shorting in derivatives. They profit regardless of market movements. In the short term, $85,000-$87,000 is a key support level. If broken, more liquidations may occur.