We saw Gold topping in September.
Subsequently, Gold bugs took profits and put them into Silver, which then put in a new ATH 3 months later in December and also into Palladium and into small cap stocks (Russel 2000), which put in a new ATH 2 weeks ago.
We're seeing that capital is moving down the risk curve.
The next in line would be $BTC and $ETH
m, then large cap altcoins and then finally low cap altcoins.

ETH
2,996.97
+0.43%

BTC
88,470.76
+0.57%

SOL
126.22
+1.06%