Gold didn’t pump.

Trust collapsed.

+64% in one year — highest move in 46 years.

That’s not retail FOMO.

That’s states, funds, and reserves repositioning.

When the system shakes, money doesn’t ask questions — it runs.

🔻 Dollar share < 60%

🔻 Debt at record highs

🔻 Policy tools losing bite

This is what end-of-cycle behavior looks like.

Here’s the uncomfortable take 👇

Gold moves first.

Crypto follows later — when narratives catch up.

Gold absorbs fear.

Crypto absorbs future belief.

So the real question isn’t “Will crypto benefit?”

It’s who survives long enough to matter.

Is crypto early…

or is it still waiting for global trust to fully break?

Say it loud in the comments 👇

$ETH $ASTER

#加密市场观察 #宏观博弈 #黄金创新高 #ETHUSDT