Analysis: Bitcoin shows bullish divergence against gold, increased institutional inflows suggest "opportunity amid risk"

Odaily reported that the Bitcoin-to-gold ratio is showing signs of bullish divergence. MN Capital founder Michaël van de Poppe pointed out that the daily RSI is diverging from price, indicating weakening selling pressure. Earlier this February, the ratio fell back to the key support level of 12–13, which acted as resistance in 2017 and turned into support in 2022 and 2023, potentially serving as a reference for Bitcoin's long-term trend bottom. Meanwhile, Bitcoin ETF saw a net inflow of about 906 millions USD over the past month, while the gold ETF SPDR Gold Shares (GLD) experienced a single-day outflow of 3 billions USD on March 6, marking a notable divergence.

Research from a certain exchange pointed out that current macro volatility is creating "opportunities amid risk" for Bitcoin. The conflict between the US, Israel, and Iran is driving market volatility, but capital is gradually flowing back into BTC. Although US spot ETF trading volume accounts for only about 9% of Bitcoin's total trading volume—still lower than the 30–40% share of ETFs in the US stock market—this indicates significant room for institutional entry. Historical data shows that both Bitcoin and US stocks often experience strong rebounds following geopolitical turmoil. (Cointelegraph)