Bitcoin (BTC) is lagging metals or assets considered traditional safe havens like gold and silver. Silver’s recent explosive rally to a new all-time high (ATH) of $83 was marked by an extended price range for BTC below $90,000.
Analysts had previously said rising metals are capping BTC’s rebound and a correction could offer relief to the cryptocurrency.
The White House Whale, also known as Garret Bullish, has been the most bullish crypto analyst, citing a potential correction in silver and gold.
Now that the metals have returned their recent gains, Garret projected that silver and gold had peaked and capital was flowing into crypto.
“As the market opened today, capital had already started to flow into crypto. Even with the selling of stocks after the open, crypto continued to rise.”
He added that a Bitcoin a short squeeze could send crypto prices soaring without a pullback.
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Whale bets big on crypto rebound
For those who don’t know him, Garret Bullish is the White House whale who made a $160 million profit by shorting BTC before Donald Trump passed Chinese tariffs in October.
Some said he was an insider who traded on policy decisions before they were made public.
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In fact, in his last showing, he was also putting money on the line. Arkham data showed he controls $10 billion and is up $70 million on open long BTC positions, Ethereum (ETH)And Solana (SOL).
Its largest position was ETH with a whopping $634 million and was almost break-even at the current ETH level of $3,000.
In fact, during a similar correction in silver and gold in October, BTC rose 7%. Given Garrett’s access to information on the political side, his analyzes are always difficult to ignore.
Source: Silver vs. Gold vs. BTC, TradingView
Will capital turnover expand?
That said, correlation does not necessarily mean causation. Yes, it’s true that there was a slight increase in the BTC ETF influx ($458 million request in the week of December 28 to January 2).
Over the same period, gold ETF inflows continued to decline. So there has actually been a slight capital rotation from gold to BTC, as Garrett stated.
Source: Bold Report
However, both assets have seen a steady decline in inflows since November.
Additionally, one week was a limited period to conclusively determine whether the trend would persist and lift BTC and the rest of the crypto market. At press time, BTC was trading at $89.9k, up 2% from 2026.
Perhaps MSCI’s potential delisting of BTC Treasuries and the Fed’s rate decision, scheduled for January 15 and 28, respectively, will trigger BTC’s next direction.
Final Thoughts
- A White House insider predicts that the crypto market could recover as silver and gold retreat.
- Despite Bullish Outlook, Upcoming MSCI and Fed Decision Could Affect Market
