Delphi Digital: Gold completes its repricing during the easing cycle; Bitcoin may be approaching a liquidity inflection point.

[Delphi Digital: Gold Completes Repricing During Easing Cycle, Bitcoin May Be Reaching Liquidity Turning Point] According to Mars Finance, digital asset market research firm Delphi Digital published an article on its X platform stating that gold prices have risen 120% since the beginning of 2024, marking one of the strongest gains in history. This surge occurred without an economic recession, quantitative easing, or financial crisis. Central banks purchased over 600 tons of gold in 2025, and purchases are projected to reach 840 tons in 2026. Since gold historically leads Bitcoin by about three months at liquidity turning points, this trend is significant for cryptocurrencies. Gold has now completed its repricing of the easing cycle, while BTC sentiment remains influenced by previous cycle simulations and recent pullbacks. The performance of metal assets is signaling policy easing and fiscal dominance. When metals outperform stocks, the market is pricing in currency devaluation rather than a growth collapse. Volatility in the precious metals market may signal the subsequent movements of other risky assets.