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Title: BTC, ETH Crashing – Here’s What This Means for Markets in 2025: Mike McGlone
As the cryptocurrency market continues to fluctuate wildly, a recent tweet from Bloomberg Intelligence’s Mike McGlone has sent shockwaves throughout the industry. In his tweet, McGlone suggests that there may be a shift in investor sentiment away from risk assets and towards traditional ones.
One of the key indicators that McGlone points to as evidence of this shift is the chart showing the flow of money into gold ETFs versus Bitcoin ETFs. The graph reveals that the trend has recently reversed, with investors now pouring funds into gold ETFs at a faster rate than they are abandoning them for Bitcoin.
This development could have significant implications for the overall market in 2025 and beyond. If McGlone is correct, it would suggest that the recent rally in risk assets such as cryptocurrencies has come to an end, and that investors are increasingly skeptical about their long-term prospects.
According to the chart provided by Bloomberg, gold ETF inflows are up dramatically, indicating a sudden reversal of sentiment away from Bitcoin and other high-risk assets.
Source: https://u.today/btc-eth-crashing-heres-what-this-means-for-markets-in-2025-mike-mcglone
