Spot gold broke through the $4,630 per ounce mark to hit a new all-time high, and many investors have reaped substantial gains from this rally. But here’s the thing—high levels often mean the ceiling is approaching, and profit margins are shrinking rapidly. Instead of greedily holding on, it’s better to take profits when the time is right and shift focus to more promising sectors.

The current market environment is quite interesting. Expectations for rate cuts continue to rise, liquidity conditions are improving, and market anticipation for additional capital inflows has reached a peak. At this point, Bitcoin’s performance becomes particularly intriguing. On one side, funds are being released from gold’s high-level corrections; on the other, the crypto market is eager for easing expectations. The convergence of these two forces could produce significant chemical reactions.

Many investors are already adjusting their positions. They are taking profits from gold first, then gradually allocating to Bitcoin, waiting for gold to push higher before transferring the remaining positions. This "staggered operation" sounds very pragmatic—neither greedy nor missing out on opportunities. A reasonable cycle: profit-taking from relatively high-priced assets, shifting to emerging sectors, and in the process, market liquidity is also being activated.

The time window is slowly closing. For those still hesitating, securing profits from gold is a defensive move, while positioning in Bitcoin is an offensive strategy. Missing this cycle of change could mean missing out on a valuable structural opportunity.