ETF inflows and safe-haven demand soar, but traders warn retail buyers could face painful reversals if momentum fades.
Welcome to the US Crypto News Morning Briefing — your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and take a deep breath because the markets are flashing signals not seen in decades. Gold is soaring past records, and analysts are split on whether this is the calm before a massive correction or the beginning of a generational bull run
The gold market is entering uncharted territory, and traders are divided on whether this is peak euphoria or the early stage of a historic supercycle.
Bank of America has lifted its gold target to $5,000 per ounce and silver to $65, citing rising stagflation risks, persistent US fiscal deficits, and deepening geopolitical tensions.
The move comes as gold’s monthly Relative Strength Index (RSI) surges to 92.2, the most overbought level ever recorded.
According to data shared by Walter Bloomberg, gold-backed ETF purchases jumped 880% year-over-year in September, reaching a record $14 billion in inflows.
This aligns with a recent US Crypto News publication reporting record-breaking flows defining the 2025 ETF boom.
Bank of America’s research warns that persistent inflation from deglobalization, uncertainty around Federal Reserve independence, and mounting US fiscal stress could keep the rally alive for another 12-18 months.
However, the bank expects short-term consolidation, with risks including a hawkish Fed pivot, Trump tariff rulings, and US midterm election outcomes.
Market veterans like JPMorgan CEO Jamie Dimon have added to the frenzy, saying gold could easily go to $5,000, even $10,000 in the current environment.
“This is one of the few times in his life when it’s semi-rational to own some,” Wall Street Gold reported, citing Dimon.
Meanwhile, technical analysts and traders are sounding alarms as charts turn parabolic. Michael van de Poppe described the surge as the biggest bull run in gold history.
At the same time, sentiment surveys suggest gold may still be under-owned despite its explosive rally.
According to the Kobeissi Letter, 43% of global fund managers now see “Long Gold” as the most crowded trade, up from near zero a year ago.
Yet, the average institutional allocation to gold is just 2.4%, close to an all-time low.
“Gold is going mainstream,” the Kobeissi Letter wrote, hinting that Wall Street may still have room to join the rally.
Still, skeptics like veteran trader Toby Cunningham warn retail investors against chasing momentum.
“The masses love buying when prices are high. We sell to the masses, not the other way around,” he said.
The market sits at a psychological crossroads as gold hovers near record highs. It is either facing a short-term blow-off top or entering a decade-long revaluation driven by global instability.
With stagflation risk and safe-haven demand surging simultaneously, the metal once dismissed as “boring” may now be rewriting the rules of macro investing.
Long Gold is now the most crowded trade for the first time since June, according to Bank of America’s Global Fund Manager Survey, with 43% of respondents citing it as their top position, surpassing “Long Magnificent 7” and “Short US Dollar
Here’s a summary of more US crypto news to follow today:
