Gold Becomes The Whale Safe Haven As Bitcoin Takes A Back Seat

A large investor shifted funds into tokenized gold this week, and Bitcoin felt the impact. Prices dipped while a whale quietly bought millions in XAUT, a gold-backed token, signaling a short-term move toward traditional hedges.Whales Move Into Tokenized Gold
According to on-chain trackers, one address moved $1.53 million in USDC into Hyperliquid to buy XAUT. Reports note that the same wallet had earlier bought about 481 XAUT, a purchase worth roughly $2.38 million.
The address still holds close