Bitcoin Sparks Parabolic Rally, Analysts Compare to Gold
Is Bitcoin Heading for a ‘Parabolic Blowoff’ Mirroring Gold? Analysts Weigh In
Analysts are drawing comparisons between the structure of bitcoin’s exchange-traded fund (ETF) flows and the setup that preceded gold’s historic surge in 2025, pointing to a similar pattern of persistent demand meeting constrained new supply.
The core of the comparison centers on how much newly created supply is being absorbed. One analyst said gold’s move accelerated when sustained buy-side demand consistently exceeded new supply, describing that moment as the point “when the price goes parabolic.”
According to the same commentary, bitcoin ETFs have shown a comparable dynamic since their launch, with the products “consistently bought more than 100% of the new supply.” In other words, the analyst argues that ETF demand has, at times, been large enough to absorb all newly issued bitcoin and then some, implying that additional buying would need to be met by existing holders rather than new issuance.
Why it matters is that ETFs can concentrate demand into a single channel, potentially changing how quickly available supply is taken off the market. The analyst framed gold’s 2025 surge as an example of how this kind of supply-demand imbalance can contribute to sharp moves once sustained buying pressure persists.
At the same time, the remarks were presented as a conditional view tied to whether current demand continues. The analyst said the “parabolic blowoff move” would depend on ongoing buy-side strength, highlighting that the thesis rests on the durability of ETF-driven inflows relative to new supply.
