If four assets have four different holders and four different stories and they're all moving on the same days, it's a dollar liquidity move, it is not four separate moves to safety that just so happened to occur on the same days.
It's a trend. An upward trend that didn't happen in one day to be caused by reaching the $40 trillion mark or by dollar liquidity moving!
Global economy is getting worse every day and that is causing these assets to go up. Of course reasons differ in different markets (eg. gold is up due to central banks MASS buying it; oil is up due to serious shortage) but they all take similar effect from the worsening economy (they get more expensive).
The $40 trillion figure wasn't news to anyone watching
Exactly! It was obvious to "anyone watching" but not to "everyone". Most people needed that wakeup call. Reaching $40 trillion was the "last straw that broke the camel's back" not necessarily the only reason why prices went up.
Take bitcoin itself. It was already getting ready for the rise and the "wise money" was entering the market when the daily chart looked horizontal before that BIG green candle. They knew what was coming. The rest of the "money" needed a "nudge". Sometimes a news like this can do it.
Not to toot one's own horn but to show you how obvious this was, I've selected some of my past posts where I've been pointing out the "accumulation phase" (note the dates):
After the crashes ended in the first week of June, the price remained in a tight range between $57k and $65k. That's almost two months. That looks like an accumulation phase to me while price goes sideways.
The ups and downs are the normal fluctuations that we have been experiencing in the market for a while now since we are in a sideways market and possibly in an accumulation phase.
4 days before the rise began:If things don't change then we may see the accumulation phase that we are currently in end and the next phase which is the bull run to begin.
How many people do you think were taking advantage and were buying bitcoin in the accumulation phase instead of believing the FUD and staying out scared and waiting for the drop that never came?