Crypto Market Shakeup: Record Outflows Signal Major Shift as Gold & Silver Soar to New Highs
Digital asset markets face unprecedented capital flight while traditional safe havens hit never-before-seen peaks.
The Great Divergence
Massive outflows slam cryptocurrency portfolios as institutional money seeks shelter in precious metals. Gold and silver smash through previous records, creating the widest performance gap between digital and traditional assets in modern financial history.
Flight to Safety
Investors abandon volatile crypto positions for the perceived stability of physical commodities. The movement reflects growing risk aversion amid macroeconomic uncertainty—proving sometimes the oldest stores of value still outperform the newest financial innovations.
Market Recalibration
This capital rotation forces a fundamental reassessment of digital asset valuations. While crypto proponents point to long-term adoption trends, current money flows tell a different story about immediate investor preferences.
Another day where shiny rocks beat decentralized ledgers—Wall Street's irony meter just exploded.
Crypto market prices today exhibit dampened spirits with Gold price and Silver price reaching new all-time highs, coupled with heavy weekly outflows from cryptocurrencies.
This move suggested a clear indication of investor’s resorting to traditional safe-haven assets, which could have resulted from this week’s catastrophic liquidation across crypto markets.
The MOVE also came ahead of the Federal Reserve’s release of its Beige Book, a key report offering fresh insight into the health of the U.S. economy.
Gold Price & Silver Price Reach New All Time High, XAU at $4,20
In the spot market, gold price peaked at $4,215 per troy ounce, while silver climbed to a record $53.59 per ounce.
The month’s performance remained striking with gold up 12% and silver soaring 21% over the past four weeks.
This year alone, gold price has soared by 60%, marking one of its strongest rallies in decades.
According to Investopedia, the surge reflected a decisive move by investors toward safe-haven assets such as precious metals amid growing economic and political instability across the globe.
Long viewed as a reliable hedge against turmoil, gold and silver had once again proven their resilience in times of stress.
Silver Will Reach $60, Predicts Investment Analyst
Silver staged an extraordinary rally in recent weeks, breaking through key resistance levels and drawing widespread attention from traders and analysts alike.
A chart shared by investment analyst Rashad Hajiyev shows a steep, almost vertical climb that has pushed prices well beyond previous cycle highs.
Hajiyev noted that investors had repeatedly called for a top, first below $50, then at $50, and again at current levels. Yet silver continued its ascent.
According to his analysis, a short-term top WOULD likely emerge only when market sentiment turns complacent and traders begin to believe that the rally could go on indefinitely.
Technically, silver price breakout above long-term resistance signals strong bullish momentum.
The move appears driven by a surge in demand for tangible assets amid expectations of monetary easing.
Hajiyev suggested that the present run could extend toward the $58 to $60 range ahead of the Federal Open Market Committee (FOMC) meeting on October 29th.
However, he also warned that once silver price approaches that zone, the market might enter a period of consolidation or correction, setting the stage for what could be a final parabolic run later in the cycle.
This next leg, he added, could be fueled by growing speculation about deeper-than-expected rate cuts and a potential Federal Reserve balance sheet expansion.
Weekly Spot Bitcoin ETF Outflows Hit $223.93M
Soaring precious metal prices came shortly after new on-chain data revealed a sharp retreat from the crypto sector.
Data from Soso Value showed more than $223 million in weekly outflows across digital assets, while Binance alone saw withdrawals totaling $21 billion, according to figures from Coinglass.
Analysts said the wave of withdrawals had continued across other major exchanges, deepening concerns about liquidity and investor sentiment.
The exodus followed what traders now referred to as the market’s latest “Black Friday”, a sudden downturn that sent Bitcoin and other cryptocurrencies sharply lower.
They explained that the crash coincided with a reversal in crypto ETF flows, signaling a broader loss of confidence and prompting many investors to pivot toward safer assets such as gold and silver.
