The Wolf Of All Streets Bitcoin BOTTOMS As Gold TOPS! Is A Capital Rotation Underway?
4 snips
Oct 20, 2025 
Mike McGlone, a market strategist known for his macro insights on gold and Bitcoin, joins James Lavish, a macro analyst specializing in credit and liquidity dynamics. They dive into gold's near-record highs amidst fluctuating market conditions and discuss the implications of declining bank reserves on liquidity. The conversation shifts to Bitcoin's unique monetary properties compared to altcoins, and they explore how AI might influence inflation trends. Their insights on the relationship between gold and Bitcoin provide a compelling look at current asset dynamics.
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Gold's Rally Fueled By Leveraged Retail Demand
- Gold's rally is driven by massive retail CFD leverage and global demand, not just U.S. ETF flows.
- Mike McGlone warns hot retail money can keep gold rising until momentum visibly fades for weeks.
Bitcoin Needs Gold To Lose Momentum
- Bitcoin remains range-bound and in distribution until a clear breakout attracts hot money back.
- McGlone says hot money will rotate from gold to Bitcoin only after gold's momentum wanes.
Watch Bank Reserves For Early Liquidity Stress
- Monitor bank reserves and reverse repo drains as early liquidity stress signals.
- Prepare for Fed pivot from QT to liquidity support if reserves fall below 'ample' thresholds.
