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When gold reached its peak last cycle, Bitcoin didn't just follow—it exploded. We're talking a 560% surge from bottom to top. That correlation tells you something interesting about how institutional money flows between traditional safe havens and digital assets when the macro environment shifts. The pattern: while gold acts as that reliable hedge, Bitcoin moves with exponentially more volatility once the risk-on narrative kicks in. Worth tracking if we're heading into another gold-topping scenario.