This is indeed a nerve-wracking moment. Today (January 29), the financial markets staged an extremely rare scene: safe-haven assets (gold, silver) and risk assets (BTC, US stocks) both plummeted simultaneously.

This usually indicates a "logical restructuring" in the market. In simple terms, the previously effective profit-making logic (such as "buy gold in chaotic times") is now temporarily invalid.

Based on the latest market news, the core reasons for this collective decline can be summarized into three points:

1. "Safe-haven attributes" discredited: Funds are in a "big escape"

This is the fundamental reason.

What happened: Previously, when the market was perceived as bad, money would flow into gold or Bitcoin (digital gold). But today, gold and silver are falling worse than anyone else (gold briefly dropped below $5,000, silver plunged).

The logic behind it: The current market has entered an extreme panic mode of "cash is king." Investors no longer trust any "assets"; they only want the US dollar cash in hand. Whether it’s Bitcoin or gold, they are being indiscriminately sold as "non-cash assets." This directly led to the "decoupling" of Bitcoin and gold—gold falls, and Bitcoin not only fails to rise but also drops along with it.

2. Federal Reserve "dove" failure: Rate cut expectations fall short

What happened: The Federal Reserve just announced today at the policy meeting to keep interest rates unchanged and hinted that the number of rate cuts in 2026 might be far fewer than expected. Trump also criticized Powell for "shoulder a significant rate cut."

The logic behind it: The market originally hoped the Fed could save the market, but that hope was dashed. High interest rates mean higher returns on holding cash (USD), which directly undermines the attractiveness of all non-interest-bearing assets (such as Bitcoin and gold). This "higher for longer" interest rate environment is the biggest enemy of cryptocurrencies.

3. Regulatory and technical sell-off: Bubble burst

What happened: The Chicago Mercantile Exchange (CME) has recently increased margin requirements for gold and silver futures multiple times.

The logic behind it: This is like a "margin call." Many traders with high leverage (borrowed money) long gold and silver and were forced to liquidate (margin call). This forced selling triggered a chain reaction, causing prices to accelerate downward. The Bitcoin market also experienced a similar "long positions wiped out" phenomenon, with $330 million worth of longs being liquidated in a short period.

💡 Market picture at this moment

The current market is extremely chaotic; you can think of it as a "stampede":

No one believes in "safe-haven": Gold is no longer shiny, Bitcoin is no longer attractive, everyone just wants US dollars.

Good news is all bad news: The previous surge (gold and silver had huge gains at the start of the year) now, any slight disturbance causes profit-taking panic.

Advice for you:
This kind of "stocks, bonds, forex, and crypto" simultaneous decline is very rare and dangerous. The current drop is not just emotional volatility but also a breakdown of the capital chain (deleveraging). If you hold positions, do not blindly buy the dip; the risk of "catching a falling knife" is extremely high. If you are on the sidelines, it is recommended to wait until market sentiment stabilizes and observe whether the US dollar index will further strengthen. #美联储利率维持不变