$PAXG I know they have seen Bitcoin retreat below $87,000, but to understand today's movement, one must look beyond the crypto charts. What we are experiencing is a massive rotation of capital towards metals due to geopolitical tension.

🖇️ This is what the market dictates right now:

1. Gold and Silver are the protagonists: While Bitcoin rests, Gold has touched $4,573 and Silver has risen by 5%. Why? Because the traditional market gets scared quickly. The U.S. attacks in Nigeria against ISIS on Christmas Day and the blockade of oil tankers in Venezuela have made investors rush towards the "physical" out of fear of military escalation.

2. Bitcoin is in "wait mode": Bitcoin tends to react as both a risk asset and a safe haven at the same time. Today, with Wall Street markets operating at half capacity after Christmas, there isn't enough institutional strength to push the price. Large funds are looking more at oil and metals than digital assets.

3. The blow to mining: Companies that mine Bitcoin have fallen more than 5% today. This tells us that the market is punishing crypto infrastructure due to the lack of liquidity during these holidays.