
Bitcoin’s 30-day correlation with Gold has plunged to -0.53, according to Glassnode. This marks a significant shift in market behaviour, with BTC price moving in the opposite direction of Gold more often than not. The data highlights how investors are currently positioning Bitcoin as a risk-on asset, decoupling it from the traditional safe-haven narrative. This divergence has critical implications for price action, risk management, and trading strategies as macro volatility heats up.
Before Bitcoin’s invention, Gold was the only safe-haven asset for investment. Ever since the 2021 bull run, a major portion of investors have shifted their focus to Bitcoin. As the global tensions have been the prime focus, investors have turned back to Gold, which is helping the price to mark new highs. This could be the reason why the BTC price is consolidating within a narrow range, as the star crypto is inversely correlated to Gold.
Correlation measures how two assets move relative to each other, with +1 showing perfect positive correlation and -1 showing perfect inverse correlation. As per the Glassnode data, the current reading is -0.53. This suggests that when Gold rallies, Bitcoin tends to pull back — and vice versa. This indicates traders are rotating between the two assets depending on risk sentiment. When uncertainty rises, Gold attracts safe-haven flows, while Bitcoin sees selling pressure.
Bitcoin is currently consolidating between $57,200 – $64,000, with strong demand visible near $58K. A breakout above $64K could send BTC toward $68K – $70K, while a breakdown below $57K risks a move toward $54K – $55K. Traders should monitor macro events such as CPI data and Fed rate guidance, as they can act as catalysts for volatility and potentially realign Bitcoin’s correlation with Gold.
Bitcoin is currently consolidating above $115,500, showing strength despite Gold’s record highs near $3,645/oz. The next key resistance sits at $120K – $122K, and a breakout above this zone could open the path to $128K – $130K. On the downside, strong support lies near $110K – $105K, where buyers are expected to step in aggressively if risk-off pressure builds.
Trading Strategies to Consider
Bitcoin’s negative correlation with Gold highlights its growing role as a risk-sensitive asset rather than a safe haven. This creates opportunities for traders to capitalise on market sentiment swings. If macro conditions turn risk-on, Bitcoin price could lead the charge toward higher levels, but sustained risk-off phases may keep it under pressure.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
For years, XRP has lived in the shadow of Bitcoin and Ethereum, often labeled the…
Clearly, current market conditions are gloomy and bearish, marked by a significant downturn in the…
The crypto market is showing signs of a potential rebound as key indicators start to…
The Ethereum price prediction 2025 narrative is becoming increasingly bullish as 2026 is only a…
As the crypto market moves toward another potential bull cycle, investors are zeroing in on…
October hasn’t played out for crypto the way many people hoped. Even so, the year…