As the year-end trading window narrows, the US stock market and major global markets are gradually entering holiday closures, and liquidity in traditional finance has significantly contracted. But it is precisely in this quiet market environment that gold has demonstrated a resilience worth deeper exploration—this may not be simply risk aversion, but an early pricing of the market’s long-term dilution of fiat currency purchasing power.

Many traders habitually focus only on Bitcoin’s price charts, neglecting gold’s key role in macro liquidity. When gold remains resilient at high levels despite fluctuations in US Treasury yields and refuses to undergo sharp corrections, it usually indicates that large off-market funds are engaging in defensive positioning— in other words, smart money is preparing for fiat devaluation. Historical patterns tell us that gold’s strength often serves as a pre-signal for Bitcoin’s store-of-value narrative, and the correlation between the two has almost never been absent in macro cycles.

The most interesting recent phenomenon is that gold is rising, but the cryptocurrency market appears somewhat powerless due to holiday fund withdrawals. This short-term decoupling of correlation could precisely be the entry point for strategic positioning. If gold truly establishes a new price center, then the valuation recovery of Bitcoin, as a high-volatility digital asset, is only a matter of time. What the market currently lacks is perhaps that moment when funds flow back after the holidays, or a sufficiently strong new narrative trigger.

Market depth during this period is worrying—millions of dollars in sell orders can cause obvious declines, while the same buying power can also create spikes. In such an environment, frequent trading to chase tiny volatility gains is far less effective than pausing to review the gains and losses of the past year. Experienced traders understand how to exit during the densest noise and to capture major turning points in seemingly calm moments.

Gold has already pointed the way, and the macro trend is shifting from traditional finance toward digital assets. The key is to stay patient, hold core positions, and wait for liquidity to truly return.