Bitcoin holders realized net losses over a 30-day span, the first such stretch since late 2023. This was flagged by Julio Moreno in an X post, citing the net realized profit/loss metric from CryptoQuant which tracks onchain selling versus purchase cost.
The metric fell below zero, indicating coins moved onchain were sold below purchase prices. (Ed. note: a negative reading does not necessarily mean the market price fell.)
Precious metals rose as investors sought safety, with spot gold topping $4,701 per ounce for the first time, according to gold price data. Silver also traded near historic highs, briefly touching about $94.72 per ounce.
The Bitcoin-to-gold ratio has dropped more than 50% from its peak, a shift noted by Bitfinex. Analysts cautioned the cross remains important as liquidity conditions evolve into 2026.
US-listed spot Bitcoin ETFs recorded roughly $394.7 million in net outflows on Monday, based on data from SoSoValue. Farzam Ehsani, co-founder and CEO of Valr, said “President Trump’s aggressive trading rhetoric is pushing the market back into full de-risking mode,” and added that “tariff threats and retaliatory measures have historically created significant headwinds for digital and other risk assets.”
