The precious metals market just delivered a shock few veterans can remember. After weeks of relentless gains that pushed prices into uncharted territory, silver, gold, and copper all collapsed within hours, wiping out a rally that had drawn in speculators, retail traders, and institutional momentum funds alike.

Bitcoin’s latest sell-off did more than drag the market lower. It exposed how vulnerable recent positioning had become inside spot Bitcoin ETFs. While price action grabbed the headlines, the more important shift happened beneath the surface - at the level of investor entry points.

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