As Bitcoin stalls, crypto whales are reportedly increasing their exposure to gold. On January 27, Lookonchain identified addresses that withdrew approximately $14.33 million in tokenized gold, including XAUT and PAXG, from exchanges like Bybit, Gate, and MEXC. This activity suggests a move towards safe-haven assets within the crypto space. Spot gold has surged, attracting defensive capital, while Bitcoin's price has seen minimal gains. Tokenized gold offers crypto-native investors a way to hedge without exiting the ecosystem. Tether also bought gold as part of its reserves. Bitcoin's slowdown is attributed to positioning and flows, with significant outflows from Bitcoin products and ETFs.

As Bitcoin stalls, crypto whales are reportedly increasing their exposure to gold. On January 27, Lookonchain identified addresses that withdrew approximately $14.33 million in tokenized gold, including XAUT and PAXG, from exchanges like Bybit, Gate, and MEXC. This activity suggests a move towards safe-haven assets within the crypto space. Spot gold has surged, attracting defensive capital, while Bitcoin's price has seen minimal gains. Tokenized gold offers crypto-native investors a way to hedge without exiting the ecosystem. Tether also bought gold as part of its reserves. Bitcoin's slowdown is attributed to positioning and flows, with significant outflows from Bitcoin products and ETFs.