Late May delivered a clean A/B test of the “digital gold” narrative. Spot bullion jumped 1.5% to $4,574 per ounce as hopes of a Middle East peace deal eased oil and the dollar, nudging gold higher, according to Reuters (via Kitco).
Bitcoin went the other way. U.S. spot BTC ETFs saw a single‑session net outflow of roughly $733 million, per SoSoValue figures cited by SpendNode. Around the same time, an ~29.2 million‑share dark‑pool block of BlackRock’s IBIT (about $1.29 billion then) changed hands, a trade Bloomberg ETF analysts confirmed, reported by Decrypt.
Within 48 hours, the leverage unwind bit hard: roughly $958.8 million in crypto derivatives positions were liquidated in a day, about 96% from longs, as tracked by a CoinStats AI market update. If gold shined and BTC stumbled, what exactly was tested—and what did markets reveal?
The Big Picture
Editor’s note: The late‑May split felt textbook: a softer USD nudged bullion up as peace headlines cooled oi
We współpracy z: https://cryptodaily.co.uk/2026/06/bitcoin-safe-haven-test-gold-rose-btc-sold-off
