BTC-Gold Correlation Coefficient, Lowest Since February…Short-term Decoupling Phenomenon

Glassnode reported that the 30-day correlation coefficient between Bitcoin (BTC) and Gold recorded -0.54, showing the lowest level since last February. This indicates that the Decoupling phenomenon between the two assets is intensifying in the short term.

On the other hand, the 90-day correlation coefficient is 0.39, and the 1-year correlation coefficient is 0.60, still maintaining a positive correlation, indicating that in the mid to long-term, Synchronization is continuing. Experts assessed, "The movements of BTC and Gold may diverge due to short-term market events or macroeconomic changes, but from a long-term perspective, they are still intertwined as Safe Assets."

Whether this Decoupling phenomenon is a temporary adjustment or a shift to a new paradigm is expected to be determined by future market movements.