Did gold crash together with BTC? Don’t be fooled by the candlestick chart—this is the institutions’ biggest conspiracy

Have you ever seen gold and Bitcoin plummet together?

On June 25, gold spot fell below $4,000—dropping from the historical high of $5,595 in January, down 28.9% over 5 months.

Silver is even worse: it was slashed in half straight from its $120 peak.

BTC fell below $59,000—down more than 50% from its peak last October.

The US Dollar Index surged to a one-year high and rose for six consecutive trading days.

Gold falls, silver falls, BTC falls, the US dollar rises.

The hottest trading logic of the past two years—“the currency debasement trade”—is breaking down completely.

The question is: why?

The dollar hasn’t risen much—so why did gold and BTC collapse together?

Why did the traditional “hedge against inflation” logic suddenly fail?

On the surface, it looks like the Federal Reserve is up to something.

On January 30, Trump nominated Kevin Warsh to serve as the Chair of the Federal Reserve. This man, once known for his “hawkish anti-inflation” stance, immediately emphasized that “price stability is the top priority” right after taking office.

The market quickly priced in two rate hikes before the first quarter of 2027.

If rates are going up, the US dollar will strengthen; for non-yielding assets like gold and Bitcoin, the cost of holding skyrockets.

But it’s not that simple.

The real answer is hidden somewhere else: a liquidity crisis.

What day is it around the end of June?

Quarter-end. Institutions’ bookkeeping. Rebalancing.

Every year around this time, global funds, banks, and asset management companies all have to do one thing—balance their books.

What does that mean? They sell off assets that are volatile or hard to value, then exchange them for cash, to make the financial statements look good.

As a result, all non-US Treasury assets—gold, silver, BTC, and even some major commodities—are dumped indiscriminately.

This isn’t because gold is no longer attractive, and it’s not because faith in BTC has collapsed.

It’s simply because institutions need cash.

Think about it: gold fell from 5,595 to 3,978, down 28.9%. BTC fell more than 50% from its peak.

With a decline this large, if it were a “collapse of faith,” the market should panic and stampede to sell.

But what actually happened?

There was no panic. No stampede. No despair of “selling everything” like in March 2020.

Investors retreated in an orderly fashion—each time the Federal Reserve turned hawkish, they sold a bit; each time geopolitical tensions eased, they sold a bit more; and each time technical levels broke down, they accelerated.

This is a round of structural selling, not an emotional sell-off.

And structural selling is often harder to reverse than emotional selling.

But what’s truly interesting is the reversal.

Just when retail investors were cutting losses in panic, and KOLs were shouting “gold faith has collapsed” and “BTC is going to zero”—

A report by Invesco revealed the truth.

Invesco conducted a survey of 90 sovereign wealth funds and 54 central banks—institutions managing $29 trillion in assets.

What were the results?

80% of respondents said they are moving funds from US Treasuries to energy and physical assets.

61% of central banks said that the level of US debt is eroding the dollar’s position as a reserve currency.

29% of respondents believe the dollar’s reserve currency status will weaken within 5 years—back in 2022, this figure was only 12%.

One European central bank has already changed its US custodial institution. One Latin American central bank is building “non-US custodial relationships” to prepare for the “worst-case scenario.”

Do you see it?

On one side, retail investors are panically selling gold and BTC.

On the other side, sovereign wealth funds managing $29 trillion are quietly buying energy and physical assets while reducing their dollar holdings.

Some are selling, while others are buying.

That’s the institutions’ conspiracy.

They use the end-of-quarter liquidity drain to manufacture panic and force speculators to hand over their bloody chips.

Then what?

They complete a smooth rebalancing from US Treasuries into energy and physical assets.

Sovereign wealth funds aren’t running for their lives. They’re laying out the plan.

They aren’t betting on whether the Federal Reserve will raise rates or not. They’re betting on the long-term loosening of the dollar system.

The head of research at Invesco said one thing—I suggest you read it more than once:

“Resilience is becoming a hard requirement, not a ‘nice-to-have’ requirement.”

Translated, it means:

Diversification used to be “the icing on the cake.” Now diversification is a matter of life and death.

So don’t let the candlestick chart scare you.

Gold breaking below 4,000? BTC dropping to 59,000? Silver being cut in half?

Those are just short-term, structural, end-of-quarter liquidity-driven exchange rate phenomena.

The real big trend has never changed—

De-dollarization. Global central banks continue to buy gold. Sovereign wealth funds shift from US Treasuries to physical assets.

These are trends measured in years.

And end-of-quarter rebalancing is only one week of noise.

Noise can make you panic-sell. Trends can make you financially free.

You choose.

“Retail investors see candlestick-style plunges. Institutions see discounted purchases.

While you’re selling your chips in panic, they calmly pick up your bloody chips—then tell you: thank you, see you in five years.”

This Thursday (July 2), the US will release its June non-farm payroll data.

Market expectations: 113.0k new jobs added, unemployment rate 4.3%.

If the data comes in above expectations, expectations for Fed rate hikes will be reinforced further—short-term gold and BTC may face additional pressure.

But remember: short-term is noise, long-term is the trend.

The simultaneous drop in gold and BTC is only a temporary exchange rate phenomenon.

De-dollarization is the great wave of the era.

When the tide goes out, don’t leave yourself swimming naked. #0成本拿2股SK海力士 #美光市值超越Meta跻身全美前十 ￥$BTC $XAU $XAG