Ash Crypto's Thesis Shows Gold's Peak Could Trigger a BTC Super Rise
- Ash Crypto reports that gold's rally has generated $4.77 trillion in 45 days, nearly double Bitcoin's market cap.
- He claims that liquidity could move into BTC once the gold price peaks.
- Fed rate cuts, dollar weakness and strong demand for RWAs continue to favor non-sovereign assets.
Gold topped $4,000 an ounce for the first time this week, extending its year-to-date gains by 54%, driven by central bank purchases, ETF inflows and a weaker dollar, according to Reuters.
Analysts attribute the metal's rise to multiple rate cuts in the US that could occur throughout 2025, as well as a flight from political and economic tensions in Japan, France, and Washington.
On the topic: Bitcoin surpassed the $126,000 mark: what caused the growth in October
Now, market analyst Ash Crypto has written in X that gold's market value “has risen by approximately $4.77 trillion in 45 days, nearly double Bitcoin's market capitalization.” This figure hasn't been independently verified by major commodity sources like the World Gold Council, but it illustrates how traders perceive the scale of the current wave of liquidity.
Gold has gained $4.77 trillion in just 45 days, nearly 2x Bitcoin's entire market cap.
Markets are now starting to view gold and Bitcoin as correlated assets in the same macro trade. Once gold top outs, we will see liquidity flow into Bitcoin.
Next $BTC pump will melt faces. pic.twitter.com/n0yjQR7QoQ
— Ash Crypto (@Ashcryptoreal) October 9, 2025
Fed rate cuts revive liquidity trading
According to data released after the Federal Reserve's September meeting, officials acknowledged growing risks to the labor market and discussed the possibility of multiple rate cuts this year.
Futures markets are pricing in a 94% chance of a 25 basis point rate cut in October and a 79% chance of another cut in December. These expectations have fueled a surge in liquidity into hard assets such as gold and Bitcoin.
The recent announcement of a ceasefire agreement as part of President Donald Trump's peace plan for Gaza temporarily eased tensions, prompting some traders to take profits after the price of gold reached a new all-time high of $4,059.05.
Ash Crypto: Gold's Peak Could Spark Bitcoin's Rise
Ash Crypto believes that once gold's rally peaks, liquidity will shift to Bitcoin, which he calls the next phase of the same macro trade.
“Once gold peaks, we'll see liquidity flow into Bitcoin,” he said, adding that BTC's risk-adjusted upside makes it a logical destination for capital exiting the overbought gold market. “The next Bitcoin rally will melt faces,” Ash noted, adding that the asset's risk-adjusted appeal makes it a logical destination for capital exiting the overbought gold market.
Macro settings favor Bitcoin
Bitcoin is currently trading around $122,000, slightly below its all-time high of $126,000 reached earlier this week.
According to CryptoQuant, total open interest on Binance recently declined 7.9% from a record $15.07 billion, indicating some profit-taking and deleveraging following Bitcoin's recent rally.
CryptoQuant data also shows that the dollar index (DXY) has traded below its annual average for 220 consecutive days, during which Bitcoin has risen from $86,000 to more than $125,000.
The decline in confidence in the dollar, coupled with structural inflation and fiscal imbalances in major economies, continues to push investors toward alternative savings options.
Related: Corporate Bitcoin Treasuries Soar to $135 Billion Thanks to (MSTR) Strategy at the Top
Source: cryptonews.net
