The recent market fluctuations are indeed quite noticeable. U.S. stocks continue to decline, macro risks are intensifying, and in this environment, we are seeing gold prices soar, which is a typical sign of risk aversion taking hold. Interestingly, many people initially expected Bitcoin to rebound along with the market, but in reality, the rebound plan was canceled, indicating that the crypto market's reaction to macro risks is still somewhat lagging.

From an asset allocation perspective, when traditional financial markets come under pressure, gold has always performed steadily as a safe-haven asset, and the rise in gold prices directly reflects this risk-averse demand. While Bitcoin is also called digital gold, its performance in this wave of market movement hasn't been as strong, which may suggest that the market's attitude toward risk assets remains somewhat cautious.

Regarding the source of this information, CoinDesk is a well-known media outlet within the industry, and their coverage of market dynamics still holds some reference value. Their reporting adheres to strict editorial standards, striving to maintain independence and objectivity, which is trustworthy. Of course, any organization has its own vested interests; CoinDesk also has financial backing, which is normal business logic.

Overall, observing the market at this moment, the performance of gold, U.S. stocks, and Bitcoin indeed reflects the different positioning of these assets in the face of macro risks. Those interested can check out the relevant asset price comparisons on Gate.