#比特币2026年行情展望 Trade Policy Drastic Changes: Gold Surges to 4700, The Truth Behind Bitcoin's Short-Term Pullback

Recently, the market has experienced intense volatility. Gold historically broke through $4700/oz, while Bitcoin briefly dipped below 92,000—at first glance, it seems like panic, but there are deeper implications.

**The Logic Behind Gold's Surge**

As trade protectionism heats up and global political risks spike, capital is rushing into traditional safe-haven assets like gold. This aligns with fundamental logic: the higher the uncertainty, the stronger the demand for safe havens. This wave of gold price increase essentially reflects a macro-level risk premium re-pricing.

**Bitcoin's Decline ≠ Bear Market Signal**

The key is what on-chain data indicates. In the past 24 hours, Bitcoin's whale addresses have increased their holdings by over 12,000 BTC, and exchange outflows have surged—what does this mean? "Smart money" is accumulating at lows. Meanwhile, active addresses remain high, indicating underlying demand has not weakened. Short-term emotional swings are masking the fundamentals' robustness.

**Healthy Shakeouts in a Bull Market**

From the halving cycle perspective, Bitcoin's long-term logic remains unchanged. Institutional holding cost lines are around $88,000, providing strong technical support. Macro volatility will likely continue, but each pullback is an opportunity for reallocation—what traders see as a "shakeout."

**What to Watch Next**

Bitcoin is highly likely to quickly stabilize around $90,000 and may push toward the $100,000 mark. Gold continues to maintain a bullish pattern until political uncertainties subside. The core logic of this market cycle: macro turbulence → safe-haven demand → phase-wise pullback in risk assets like $ETH → on-chain whale accumulation at lows.

The market always rewards those who speak with data and logic. Emotional fluctuations will eventually settle, but footprints on the chain never lie. Stay clear-headed amid the storm, and opportunities are right there.