Traders Pivot Towards Precious Metals Amid Crypto Uncertainty

A recent trading move on the Hyperliquid platform is generating interest among investors and analysts alike. A trader with the address 0x7c930969fcf3e5a5c78bcf2e1cefda3f53e3c8fd has established two long positions in gold (GOLD) and silver (SILVER), while simultaneously shorting 79 major cryptocurrencies, including BTC, ETH, SOL, DYDX, and AVAX.

The strategy has already shown promising results, with a floating profit of $573,000 as of February 22, 2026. The minor losses on ETH and SOL are the only exceptions to this success. This setup suggests a bearish outlook on the crypto market, where the trader anticipates further downside in assets like BTC and AVAX, while expecting upside in precious metals.

From a trading perspective, this strategy capitalizes on inverse correlations often seen between cryptocurrencies and traditional safe-haven assets. During periods of economic instability, gold and silver prices tend to rise as investors seek refuge, while crypto markets can experience sharp corrections. Traders should monitor on-chain metrics such as BTC trading volumes, which recently hovered at elevated levels, signaling potential volatility.