No BTC/Gold rotation, no cycle top. That’s the final boss of this whole show. Every liquidity cycle high, BTC will gain more ground over Gold. Hearing stuff about China asserting dominance through crypto don’t get it — the U.S. holds 4x more Gold and are the centre pillar stone of the global financial system. They can shape the macro conditions that decide what performs. And right now, they’re endorsing BTC. I think they’re going to use it. One day, perhaps sooner than we think, a white swan event will come from it. I'm shocked at the speed of the developments around BTC already. That’s why BTC will continue to outperform Gold over time — it becomes the new outlet for inflation and debt, one the U.S. will integrate. Why wouldn't they? Gold has too much friction/limits in the new digital world we're heading into. Plenty of public signals even from Trump himself talking about "wiping out their debt with a little bit of Bitcoin", hilarious but there is signal there. Zoom out from alts — there is zero macro signal in them until euphoria (exit time). MOVE, DXY, and Yields are all pointing the right way — SPX, Gold, and BTC have been pricing it in. Much more ahead. Please remember — the same people calling cycle top on BTC were calling it for Gold at 3500. They can’t fathom higher prices because they don’t understand what’s driving them. I'm seeing a BTC range that is destined to follow Gold with a more explosive upside rally.