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Gold has created the largest weekly drop in 15 years, and it's not the retail investors causing the crash; they are already hanging on the tree.
Gold is a safe-haven asset and also the most liquid asset. As oil prices rise, everything else falls, leading institutions to sell off to cover their positions, and the rate-sensitive hedge funds are also contributing to the selling pressure.
If it fails to hold the important support level of 3900-4000, retail investors will panic sell. $BTC can only follow suit.

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