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It's interesting to observe how traditional assets start moving in one direction, while crypto reacts oppositely. Initially, gold and silver showed an increase, and that was already a signal. But now, oil is joining them, also heading upward, and this makes things more complicated for Bitcoin.
Of course, when investors seek safety in traditional hedges like gold and commodity assets, it means they are moving away from riskier assets. And crypto, as is well known, is the first on the list to exit during a market risk reassessment.
So if this trend continues and oil along with metals keep rising, it could really be bad news for Bitcoin in the short term. Investors are simply reallocating their portfolios toward traditional safe assets, and in this scenario, crypto appears less attractive.
It's worth keeping an eye on this development. If the situation doesn't change, we may see even greater pressure on the crypto market in the coming weeks.