$BTC $ETH
📢 Bitcoin loses correlation, but at what cost?
Reports from Glassnode suggest that Bitcoin has lost its correlation with Gold, based on the 30-day chart.
Per the analysis, the correlation between both assets now stands at negative 0.54, marking its lowest level since February 2025.
A close look at the chart shows that the last time this occurred, there was a significant liquidity outflow from Bitcoin, while Gold saw a notable inflow.
Bitcoin could flip Gold, as confidence continues to grow among investors.
Bitcoin was de-correlating from Gold, as it attracted more liquidity into the market.
The available Bitcoin in the market has continued to drop, and whale activity has also declined.
