Gold has surged nearly 60% year-to-date, significantly outperforming Bitcoin's 13% gain, as reported by Coindesk. The precious metal's rise is attributed to macroeconomic factors such as geopolitical tensions and expectations of rate cuts. In contrast, the cryptocurrency market faces high volatility and overleveraged positions, leading to substantial losses for traders. Data from Hyperliquid indicates that only 34% of crypto positions are long, with just 35% of traders remaining profitable. The average daily profit and loss has fallen below $50,000. Notably, celebrity trader Machi Big Brother has seen his account swing from $43 million in profits to over $13 million in losses. Glassnode highlights a $19 billion deleveraging in Bitcoin, marking one of the largest in its history.