Recently, there is an interesting viewpoint circulating in the crypto world that is worth discussing.

According to industry insider Garrett Jin's analysis, the recent surge in precious metals such as silver, palladium, and platinum has indeed been significant, but the underlying logic may not be optimistic. His judgment is that this wave of increase mainly comes from short sellers being forced to close their positions, with the market artificially pushing prices up, lacking fundamental support. To use his analogy - it's like inflating a balloon; it looks puffy, but a poke will make it burst.

More importantly, his subsequent prediction: once this wind passes, precious metal prices are likely to turn downwards, potentially dragging gold down as well. When the traditional precious metal sector loses its appeal, where will that capital flow to?

Garrett's answer is straightforward: Bitcoin and Ethereum.

To be honest, this logic is self-consistent. In traditional financial markets, the reasons for fluctuations can sometimes be quite vague, and no one can say for sure. But cryptocurrencies are different, especially BTC and ETH, which have a solid consensus foundation and a clear story, truly becoming the hard currency of digital assets. If incremental funds from precious metals really start looking for new outlets, the crypto market indeed has this appeal.

From the perspective of market rotation, the decline of the precious metals sector is likely the starting point for the crypto world. As the old track recedes and the new track takes over, this kind of switch can sometimes happen very quickly. The rhythm of the next wave of market trends may lie within this turning point.