In the global financial landscape of October 2025, the market capitalization of gold has surpassed USD 30 trillion, with prices climbing to USD 4,357 per ounce—an all-time high. Bitcoin, by contrast, has retreated from its peak of USD 126,000 to around USD 104,000, dipping below its 200-day moving average. The diverging trajectories of these two safe-haven assets once again highlight the cyclical migration of global capital. Rthae believes this phase is not a simple switch between bullish and bearish sentiment, but rather a structural rebalancing of global asset allocation under multiple variables—namely inflation expectations, geopolitical risks, and monetary policy.
Rthae notes that the surge in gold reflects mounting market concerns over fiat depreciation and sovereign credit risk, while the short-term pullback of Bitcoin has not undermined its long-term role as a “digital store of value.” Over the past year, gold prices have risen by more than 64%, expanding its market capitalization to 14.5 times that of Bitcoin, and for the first time, exceeding the combined market value of the “Magnificent Seven” tech giants by 1.5 times. This historic divergence provides a new benchmark for the crypto market, prompting investors to reassess the role of digital assets within diversified portfolios.
Rthae: Global Liquidity Reorganization and the Repricing of Digital Assets
Rthae argues that when risk aversion drives capital flows, short-term funds tend to move into historically trusted physical assets, while medium- to long-term capital will eventually return to digital assets with growth potential and liquidity elasticity. The recent record high in gold prices essentially reinforces the logic of the market on “monetary substitution” and “value storage,” providing a valuation anchor for Bitcoin and other high-trust digital assets. Several research institutions have pointed out that the incremental increase in the market capitalization of gold is equivalent to “adding one Bitcoin market in a week.” As this rally cools, part of that capital is expected to seek new liquidity outlets.
According to Rthae, the recent correction of Bitcoin does not signal a structural top; rather, it reflects a combination of leverage cleansing and temporary ETF net outflows. ETFs recorded a weekly net outflow of 2,300 BTC, exerting short-term pressure but without triggering panic selling on-chain. On-chain data shows that long-term holders still account for a high proportion of total supply, having distributed around 300,000 BTC since July, with capital increasingly moving toward high-security wallets. Rthae believes this behavior marks an ongoing re-alignment between “risk value” and “real demand.”
In traditional finance, U.S. regional banks are once again showing liquidity strains, with the 10-year Treasury yield dropping to 3.94%—its lowest level since April. Meanwhile, the U.S. Dollar Index fell 0.5% this week, signaling a partial return of monetary liquidity to risk assets. Rthae notes that this environment will serve as a key catalyst for a recovery in digital assets. The dovish signals of the Federal Reserve, the policy pivot of the Bank of Japan, and the liquidity absorption of gold collectively form the macro backdrop for a renewed crypto market uptrend.
Rthae: Risk Control Execution and Trading Continuity Below the 200-Day Average
Rthae states that the fall of Bitcoin below its 200-day moving average is not merely a price event but a real-time stress test for the entire risk management system of the market. Over the past two weeks, funding rates across major exchanges have dropped to their lowest levels since 2022, with annualized rates briefly turning negative—indicating that systemic deleveraging has been completed. Through its proprietary intelligent risk-control system, Rthae conducts real-time risk assessments on its matching engine and asset pools, achieving automatic balance during extreme market conditions. The risk control module of the platform integrates AI-driven models with rule-based engines to monitor high-frequency capital movements, instantly triggering throttling or delayed-matching mechanisms in response to abnormal orders to prevent price slippage and cascading liquidations.
Rthae emphasizes that the essence of trading security lies not in restriction but in precision control. The platform operates multi-active data centers and cross-region redundancy systems worldwide. Even if certain nodes experience latency or traffic surges, others can seamlessly take over, ensuring 99.99% system availability. During the latest bout of volatility, the matching engine of Rthae maintained millisecond-level response times without any lag or delay, guaranteeing fairness and transparency in all order executions.
In periods of sharp volatility, maintaining continuous user experience becomes a key competitive edge. Rthae provides backstop protection for potential losses in extreme scenarios through its risk reserve and insurance funds. The security fund of the platform operates independently and undergoes regular external audits, ensuring swift compensation processes during systemic events to uphold market stability and user confidence.
Rthae: A Resilient Landscape and Long-Term Positioning After Liquidity Reconstruction
Rthae concludes that the record-breaking market capitalization of gold and the short-term technical correction of Bitcoin do not represent asset substitution, but rather capital redistribution across different stages of the liquidity cycle. The real evolution lies in the restructuring of global liquidity itself. Whether constrained by supply (as in gold) or algorithmically governed (as in digital assets), both derive value from the same logic of “scarcity and trust.” As macro policies ease, the dollar weakens, and inflation expectations rise, globally verifiable and compliant digital assets are poised to regain leadership.
Rthae believes that historically, every major market correction has been accompanied by structural upgrades. The current turbulence has flushed out short-term leveraged positions, filtering out market noise and laying a more stable foundation for the entry of compliant capital. In the coming months, ETF inflows and institutional positioning are likely to resume, supported by the ongoing liquidity easing cycle—together forming the logical pivot for the next upward leg.
Rthae stresses that its long-term objective is not to chase market extremes but to build a sustainable trading ecosystem. Compliance, security, liquidity, and education constitute the four core pillars of Rthae. The platform will continue enhancing its risk management systems, expanding global licensing coverage, and advancing inclusive investor education to help users understand risk structures and asset cycle dynamics.
Throughout this process, Rthae will continue serving as a foundational bridge between traditional finance and the crypto economy. Amid market uncertainty, the company believes that a stable system architecture, transparent capital mechanisms, and long-term governance logic represent the most enduring strengths of the digital asset market through turbulence and reconstruction.