{"id":11276,"date":"2026-02-02T09:24:03","date_gmt":"2026-02-02T09:24:03","guid":{"rendered":"https:\/\/www.coinspeaker.com\/tr\/?p=11276"},"modified":"2026-02-02T09:24:03","modified_gmt":"2026-02-02T09:24:03","slug":"bitcoin-mi-yoksa-altin-mi-2026nin-1-ceyreginde-hangisi-onde-olacak","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/tr\/bitcoin-mi-yoksa-altin-mi-2026nin-1-ceyreginde-hangisi-onde-olacak\/","title":{"rendered":"Bitcoin mi Yoksa Alt\u0131n m\u0131? 2026\u2019n\u0131n 1.\u00c7eyre\u011finde Hangisi \u00d6ne \u00c7\u0131kacak?"},"content":{"rendered":"

2026\u2019n\u0131n ilk \u00e7eyre\u011finde alt\u0131n, g\u00fcm\u00fc\u015f ve Bitcoin farkl\u0131 fiyat hareketleri sergiledi.<\/p>\n

Makroekonomik ko\u015fullardaki de\u011fi\u015fiklikler, de\u011ferli metallerin fiyatlar\u0131ndaki y\u00fckseli\u015fi ve Bitcoin\u2019in<\/a> zay\u0131f performans\u0131n\u0131 etkiledi.<\/p>\n

Politika sinyalleri, likidite trendleri ve piyasa<\/a> ak\u0131\u015flar\u0131, \u00e7eyrek sonuna kadar hangi varl\u0131\u011f\u0131n lider olaca\u011f\u0131n\u0131 belirleyecek ba\u015fl\u0131ca fakt\u00f6rler olarak g\u00f6r\u00fcl\u00fcyor.<\/p>\n

Bitcoin Riskten Ka\u00e7\u0131\u015f Ortam\u0131nda Zay\u0131fl\u0131yor<\/h2>\n

Ocak 2026<\/a> sonunda \u00e7\u00f6k\u00fc\u015fle beraber, Bitcoin 76.341 dolardan i\u015flem g\u00f6rd\u00fc ve bir g\u00fcnde %7, son bir ayda ise %12 d\u00fc\u015f\u00fc\u015f kaydetti.<\/p>\n

\"BTC<\/p>\n

D\u00fc\u015f\u00fc\u015f, Bitcoin\u2019i ge\u00e7en Ekim ay\u0131nda ula\u015ft\u0131\u011f\u0131 126.000 dolar\u0131n yakla\u015f\u0131k %35 alt\u0131nda b\u0131rakt\u0131. Bu durum, riskli varl\u0131klara olan ilginin azald\u0131\u011f\u0131n\u0131 ve dijital varl\u0131k piyasas\u0131nda spek\u00fclatif aktivitenin d\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor.<\/p>\n

D\u00fczeltmeye ra\u011fmen, genel makroekonomik ko\u015fullar Bitcoin i\u00e7in h\u00e2l\u00e2 olumlu.<\/p>\n

Fed<\/a>, ge\u00e7en y\u0131l faiz oranlar\u0131n\u0131 \u00fc\u00e7 kez d\u00fc\u015f\u00fcrerek politika faizini %3,50\u20133,75 aral\u0131\u011f\u0131na indirdi ve piyasa, 2026 sonuna kadar ek gev\u015feme bekliyor.<\/p>\n

Ayr\u0131ca, M2 b\u00fcy\u00fckl\u00fc\u011f\u00fc ile yans\u0131t\u0131lan k\u00fcresel likidite h\u00e2l\u00e2 y\u00fcksek; bu trend tarihsel olarak Bitcoin gibi riskli varl\u0131klar\u0131 destekliyor.<\/p>\n

Ancak kurumsal talep zay\u0131fl\u0131yor. Spot Bitcoin ETF\u2019leri Kas\u0131m ve Aral\u0131k 2025\u2019te 4,57 milyar dolarl\u0131k net \u00e7\u0131k\u0131\u015f kaydetti.<\/p>\n

ETF\u2019nin lansman\u0131ndan bu yana en b\u00fcy\u00fck \u00e7\u0131k\u0131\u015f. Y\u0131ll\u0131k net giri\u015fler de y\u0131ll\u0131k bazda %39 azalarak 35,2 milyar dolardan 21,4 milyar dolara d\u00fc\u015ft\u00fc.<\/p>\n

\u00d6zellikle yaln\u0131zca d\u00fcn 817 milyon dolarl\u0131k \u00e7\u0131k\u0131\u015f ger\u00e7ekle\u015fti ve Bitcoin fiyat\u0131 iki ay\u0131n en d\u00fc\u015f\u00fck seviyesini g\u00f6rd\u00fc.<\/p>\n

Glassnode analistlerine g\u00f6re zincir \u00fczerindeki i\u015flem hacimleri yava\u015flad\u0131 ve k\u0131sa vadeli yat\u0131r\u0131mc\u0131 kat\u0131l\u0131m\u0131 azald\u0131.<\/p>\n

Sat\u0131\u015f s\u0131ras\u0131nda\u00a0borsalara<\/a>\u00a0giri\u015fler artt\u0131; bu durum, yat\u0131r\u0131mc\u0131lar\u0131n k\u00e2r alma ve risk azaltma stratejilerini g\u00f6steriyor.<\/p>\n

Buna ra\u011fmen Bitcoin h\u00e2l\u00e2 psikolojik olarak \u00f6nemli olan 80.000 dolar\u0131n alt\u0131nda kald\u0131.<\/p>\n

Analistler makro likidite ko\u015fullar\u0131n\u0131n orta vadede h\u00e2l\u00e2 olumlu oldu\u011funu, ancak k\u0131sa vadeli fiyat hareketlerinin yat\u0131r\u0131mc\u0131 duyarl\u0131l\u0131\u011f\u0131 ve k\u00fcresel hisse senedi piyasas\u0131 trendlerinden etkilenece\u011fini belirtiyor.<\/p>\n

Benjamin Cowen ise Bitcoin\u2019in borsa performans\u0131n\u0131 takip etmeye devam edece\u011fini ve de\u011ferli metallerden kripto paralara<\/a> b\u00fcy\u00fck bir d\u00f6n\u00fc\u015f beklentisinin hen\u00fcz erken oldu\u011funu s\u00f6yl\u00fcyor.<\/p>\n

Alt\u0131n Fiyatlar\u0131 Ocak\u2019taki Sert Kazan\u00e7 Sonras\u0131 D\u00fc\u015ft\u00fc<\/h2>\n

Alt\u0131n fiyat\u0131<\/a>, Ocak 2026 sonunda ons ba\u015f\u0131na 5.171,12 dolar seviyesinde i\u015flem g\u00f6rd\u00fc ve g\u00fcn i\u00e7i %3,89 d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131. Bu d\u00fc\u015f\u00fc\u015f, \u00f6nceki b\u00fcy\u00fck fiyat art\u0131\u015f\u0131n\u0131n ard\u0131ndan k\u00e2r alma kaynakl\u0131 ger\u00e7ekle\u015fti.<\/p>\n

\"Alt\u0131n<\/p>\n

G\u00fcnl\u00fck d\u00fc\u015f\u00fc\u015fe ra\u011fmen, alt\u0131n Ocak ay\u0131nda %24,68 art\u0131\u015f kaydetti (ay ba\u015f\u0131ndan bu yana 1.065,07 dolar y\u00fckseldi).<\/p>\n

Merkez bankalar\u0131n\u0131n al\u0131mlar\u0131 ve g\u00fcvenli liman talebi, \u00f6zellikle devam eden jeopolitik riskler ve enflasyon endi\u015feleri aras\u0131nda alt\u0131n\u0131 destekledi.<\/p>\n

UBS analistlerine g\u00f6re Ocak ay\u0131ndaki performans, rezerv y\u00f6neticileri ve kurumsal yat\u0131r\u0131mc\u0131lar taraf\u0131ndan yap\u0131lan \u00e7e\u015fitlendirmeyi yans\u0131t\u0131yor, ancak sert art\u0131\u015f sonras\u0131 k\u0131sa vadeli bir d\u00fczeltme olas\u0131l\u0131\u011f\u0131 h\u00e2l\u00e2 mevcut.<\/p>\n

G\u00fcm\u00fc\u015f Fiyat Volatilitesi \u00c7e\u015fitli Talep Sinyallerini Yans\u0131t\u0131yor<\/h2>\n

G\u00fcm\u00fc\u015f fiyat\u0131, Ocak 2026 sonunda k\u0131sa s\u00fcreli\u011fine 107,83 dolara d\u00fc\u015ft\u00fc ve bir g\u00fcnde 6,67 dolar (%5,83) geriledi.<\/p>\n

\"G\u00fcm\u00fc\u015f<\/p>\n

Bu d\u00fc\u015f\u00fc\u015f, daha \u00f6nceki sert rallinin ard\u0131ndan geldi; g\u00fcm\u00fc\u015f son 30 g\u00fcnde %51,95 (%39,61) kazan\u00e7 sa\u011flam\u0131\u015ft\u0131.<\/p>\n

G\u00fcm\u00fc\u015f\u00fcn fiyat hareketleri, hem de\u011ferli metal hem de sanayi metali olarak \u00e7ift rol\u00fcn\u00fc yans\u0131t\u0131yor.<\/p>\n

Citi analistleri, imalat ve temiz enerji sekt\u00f6rlerinden artan talep beklentilerinin fiyatlar\u0131 y\u00fckseltti\u011fini, ancak k\u00e2r alman\u0131n h\u0131zl\u0131 d\u00fc\u015f\u00fc\u015f\u00fc tetikledi\u011fini a\u00e7\u0131klad\u0131.<\/p>\n

G\u00fcm\u00fc\u015f\u00fcn ons fiyat\u0131n\u0131n \u00c7in talebi ve di\u011fer yap\u0131sal fakt\u00f6rlerle 150 dolara ula\u015fabilece\u011fi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n

Alt\u0131na k\u0131yasla g\u00fcm\u00fc\u015f, Ocak ay\u0131nda \u00e7ok daha y\u00fcksek volatilite g\u00f6sterdi.<\/p>\n

G\u00fcnl\u00fck sert d\u00fc\u015f\u00fc\u015flere ra\u011fmen, ayl\u0131k performans \u00fc\u00e7 varl\u0131k aras\u0131nda (alt\u0131n, g\u00fcm\u00fc\u015f, Bitcoin) en g\u00fc\u00e7l\u00fc olan\u0131 olarak kaydedildi.<\/p>\n

Saxo Bank\u2019tan Ole Hansen, alt\u0131n ve g\u00fcm\u00fc\u015f fiyatlar\u0131ndaki y\u00fckseli\u015fin daha y\u00fcksek riskli bir a\u015famaya girdi\u011fini ve artan volatilitenin piyasa likiditesini a\u015f\u0131nd\u0131rmaya ba\u015flad\u0131\u011f\u0131n\u0131 uyar\u0131yor.<\/p>\n

KE\u015eFED\u0130N: Bitcoin Alarm\u0131: 75 Bin Dolara D\u00fc\u015f\u00fc\u015f Kap\u0131da, Ama Devler Gizlice 31 Milyon Dolar Biriktiriyor!<\/a><\/strong><\/p>\n

\u00c7eyrek \u0130lerledik\u00e7e Hangi Varl\u0131k Lider Oldu?<\/h2>\n

\u0130lk \u00e7eyrek boyunca varl\u0131k performans\u0131n\u0131n kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131 farkl\u0131 bir liderlik desenini ortaya koyuyor.<\/p>\n

Alt\u0131n ve g\u00fcm\u00fc\u015f, g\u00fcvenli liman talebi, enflasyon endi\u015feleri ve merkez bankas\u0131 al\u0131mlar\u0131yla ilk kazan\u00e7lar\u0131n\u0131 kaydetti.<\/p>\n

Ancak h\u0131zl\u0131 fiyat art\u0131\u015f\u0131 k\u00e2r almay\u0131 tetikledi ve k\u0131sa vadeli bir d\u00fczeltmeye yol a\u00e7t\u0131.<\/p>\n

Buna kar\u015f\u0131l\u0131k, Bitcoin riskten ka\u00e7\u0131\u015f ortam\u0131 ve zay\u0131flayan kurumsal yat\u0131r\u0131m ak\u0131\u015flar\u0131 nedeniyle d\u00fc\u015f\u00fc\u015fte kald\u0131.<\/p>\n

Zincir \u00fczeri g\u00f6stergeler, \u015fu anda ne a\u015f\u0131r\u0131 korku ne de a\u015f\u0131r\u0131 iyimserlik durumunu yans\u0131t\u0131yor.<\/p>\n

\u00c7eyrek sonuna kadar varl\u0131k liderli\u011fi muhtemelen politika sinyalleri, yat\u0131r\u0131mc\u0131 portf\u00f6y rotasyonu ve a\u00e7\u0131klanacak ekonomik verilere ba\u011fl\u0131 olacak.<\/p>\n

Ek faiz indirimleri olursa, Bitcoin gibi riskli varl\u0131klar destek bulabilir.<\/p>\n

Aksi durumda, enflasyon endi\u015feleri ve ekonomik b\u00fcy\u00fcme yava\u015flamas\u0131 alt\u0131n ve g\u00fcm\u00fc\u015f\u00fc desteklemeye devam edebilir.<\/p>\n

Milk Road analistlerine g\u00f6re tarihsel olarak Bitcoin, alt\u0131n fiyat hareketlerini yakla\u015f\u0131k alt\u0131 ay gecikmeyle takip ediyor.<\/p>\n

\n

There's something happening with gold and Bitcoin that many are missing.<\/p>\n

(And they might be about to get sidelined)<\/p>\n

Everyone's watching $BTC<\/a> sit dead flat while gold rips to new highs.<\/p>\n

The surface read is that crypto is failing while hard assets win.<\/p>\n

But there's a pattern\u2026 https:\/\/t.co\/U1dhmnzAz3<\/a> pic.twitter.com\/RVIS9awN9U<\/a><\/p>\n

— Milk Road (@MilkRoad) January 28, 2026<\/a><\/p><\/blockquote>\n