Bitcoin–Gold Ratio Rebound Signals a Potential Opportunity Window
A rebound in the Bitcoin-to-gold ratio, coupled with ETF flow changes, suggests a potential bullish opportunity despite ongoing macro volatility.Summary
Bitcoin’s long-term price trend against gold is showing a bullish shift after retracing to a support level previously seen in 2017, 2022, and 2023. This potential trend change is occurring alongside an “opportunity within risk,” as noted by analysts. The Bitcoin-to-gold ratio is displaying a bullish divergence, where price forms lower lows while the RSI forms higher lows, indicating fading selling pressure. Recent ETF flows show a $3 billion outflow from US gold-backed ETF SPDR Gold Shares (GLD) on March 6, while Bitcoin ETFs saw a net inflow of $906 million on March 11. Binance Research suggests current macro volatility presents an opportunity for Bitcoin, with increasing institutional activity reflected in rising spot ETF trading volume. Historically, geopolitical turmoil has preceded strong market recoveries, and post-midterm election years have shown positive returns for both the S&P 500 and Bitcoin.
(Source：Cointelegraph)