The rally in metals has ended, capital may flow into cryptocurrencies.

As the period of strong rises in precious metals slowly comes to an end, it is thought that investors may refocus their attention on cryptocurrencies like Bitcoin and Ethereum. The recent strong rally in metals such as silver, palladium, and platinum has captured investors' attention, while views that this movement may be reaching its conclusion have been increasing.

Garrett Jin, the former CEO of the cryptocurrency exchange BitForex, expresses that the short position squeeze in metals has come to an end. According to Jin, investors are beginning to search for new opportunities after this process, and this situation may lead to a shift towards digital assets, particularly Bitcoin and Ethereum. After recording high gains in metals, many investors are inclined to realize their profits and shift towards alternative investment instruments.

Garrett Jin summarizes this situation with, "The short position squeeze in metals has ended as expected. Capital is starting to flow into crypto." In an environment where macro uncertainties continue, cryptocurrencies are becoming attractive again for investors due to their high liquidity and global access advantages. Bitcoin’s perception as a digital store of value and Ethereum’s strong ecosystem structure are significant factors in this transition.

If the capital that may exit the metals market increases price volatility and trading volume in the cryptocurrency market, this indicates that we could experience a more active process in both Bitcoin’s price and certain altcoins. As critical levels that investors need to closely monitor become clearer, it will be important to follow the developments regarding the future performance of Bitcoin and Ethereum.