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Gold reached a historic high in August 2020, and two months later,
Bitcoin began its main upward trend in October 2020, followed by a five-month bull market. This time, gold peaked in January. In other words:
Gold peaks, two months later, the crypto market starts to rise, and the essence of gold is the "least risky asset benefiting from liquidity injection." When the market begins to believe there will be no collapse and starts to believe in liquidity injection, the first stop for funds is definitely gold. But when gold peaks, the truly important signals appear, indicating that funds are starting to shift from safe-haven assets to risk assets.