According to BlockBeats, Bitcoin's exchange rate against gold has fallen below a rising trend line that has been maintained for over 12 years. Analyst NorthStar suggests that if Bitcoin remains below this trend line for a week or even a month, it could signal the end of Bitcoin's 12-year bull market.
Gold has reached new highs while Bitcoin's upward momentum has cooled. The BTC/XAU ratio decline coincides with spot gold prices surpassing $3,000 per ounce on March 14, marking a 12.80% increase this year. In contrast, Bitcoin, often referred to as 'digital gold,' has fallen by 11% in 2025.
Data from the World Gold Council indicates that as of March 14, U.S. spot gold ETFs have attracted over $6.48 billion in inflows this year. Globally, gold ETF inflows have reached $23.18 billion. Meanwhile, U.S. spot Bitcoin ETFs have seen nearly $1.46 billion in outflows this year.
