Suspected "1011 Insider Whale" Garrett Jin: The precious metals short squeeze has ended, and funds are starting to flow into the crypto market
According to TechFlow, on December 30, the suspected "1011 Insider Whale" Garrett Jin posted on X, stating that, as expected, the short squeeze in precious metals has ended and capital is beginning to flow into the cryptocurrency market. Garrett Jin previously pointed out that the rise in silver, palladium, and platinum was only a short-term squeeze and unsustainable. Once prices begin to reverse, it is likely to also drag down the price of gold, and market funds will shift from precious metals to bitcoin and ethereum. Market capital will move from overheated trades to relatively undervalued assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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