btc and gold are crashing at the same time. that almost never happens.

gold: under $4,000, down 29% from its january top.
why?
> strong dollar
> the fed turning hawkish, september hike odds jumped from 29% to 68% in a single week.
when bonds start paying you more, gold that pays you nothing gets expensive.
btc: back under $60k, down 30% on the year. spot etfs bled billions since mid-may.
why this isn't scary for btc:
> long-term holders are still in profit above $48k
> whales are buying the dip.
> 79% of all supply is now in long-term hands, an all-time high.
> weak hands out, strong hands in.
what to watch: $60k.
clean break below = liquidation cascade. strong bounce = healthy dip in a bull market.
follow the etf flows.