Gold is high and refueled Bitcoin could continue in an explosive Q4 rally.
Markus Thielen suggests Bitcoin Mirrors Gold and could soon prepare for the strongest breakout.
Bitcoin options show stability benefits over Ethereum, sparking new investors’ interest in BTC.
Crypto traders are looking closely at $3,475 this August 2025, close to a record high. The world’s oldest safe seafarer assets are surged again, and that rise could set the tone of Bitcoin’s next big move.
The current question is whether this Gold Rally is just a safe play or a quiet signal that marks the start of Bitcoin’s strongest quarter.
Gold breakout and bitcoin connection
Gold recently touched on an all-time high of $3,475 per ounce, spurring sticky inflation, expected rate reductions and global tensions. The metal has seen short pullbacks, but is well supported near the $3,416 record level.
10x research head Markus Thielen shows how this stable breakout will become a mirror for Bitcoin. Both assets are often considered safe shelters during uncertain times, and when gold moves first, Bitcoin can last with more force.
His chart comparing the two suggests that if macro conditions continue to intensify, Bitcoin may be preparing for a similar breakout.
Bitcoin reflects the movement of gold
Bitcoin, often referred to as “digital gold,” has a clear correlation with physical gold in 2025. Both assets rose in parallel, with Bitcoin reaching $124,000 in July, then around $111,000.
Analysts like Markus Thielen of 10x Research have argued that Gold’s quiet breakout could quickly echo Bitcoin, given how it responds to macroeconomic changes such as US debt issuance and monetary easing.
Crypto-rotation returns to Bitcoin
At the same time, the options market is flashing extraordinary signals. The gap between Ethereum’s volatility pricing and Bitcoin is currently one of the widest levels seen in a few years.
Such extreme spreads often mark turning points, suggesting that traders expect Bitcoin stability compared to Ethereum.
As the macro conditions tighten and traders spin into a new story, Q4 could mark the beginning of Bitcoin’s next powerful rally.
