Bitcoin outperforms gold, silver amid ETF outflows

JPMorgan reports that Bitcoin is demonstrating resilience, holding its ground while gold and silver prices slide due to significant ETF outflows and liquidity strains. The bank noted that institutional unwinding and weakening liquidity have negatively impacted precious metals, whereas Bitcoin has experienced steadier flows and improving momentum, particularly amidst geopolitical stress. This divergence suggests Bitcoin is increasingly viewed as a high-beta macro asset rather than a traditional safe haven, with its market depth now surpassing that of gold.