Here's what caught my attention this year. Traditional metals are posting eye-watering gains while Bitcoin sits at -5% YTD—sounds bearish on the surface, right? Not quite. Look at the bigger picture: major indices are hitting all-time highs, yet they're still vastly outpaced by certain commodity rallies. Meanwhile, Bitcoin is practically flat compared to these conventional assets. The narrative everyone's pushing? That crypto is underperforming. But here's the thing—when you strip away the noise and zoom out on market cycles, this consolidation often precedes major moves. The metals surge and equity strength aren't signals of Bitcoin weakness; they're part of a broader rotation. Pay attention to where capital flows when traditional hedges are THIS attractive. History suggests the next chapter is more interesting than it looks right now.