Analysis: Bitcoin Shows Bullish Divergence Against Gold, Rising Institutional Inflows Suggest "Opportunity Amid Risk"

Odaily News The Bitcoin-to-gold ratio is showing signs of bullish divergence. MN Capital founder Michaël van de Poppe pointed out a divergence between the daily RSI and price, indicating weakening selling pressure. In February this year, the ratio retreated 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 the long-term trend bottom of Bitcoin. Meanwhile, Bitcoin ETFs have seen net inflows of approximately $906 million over the past month, while the gold ETF SPDR Gold Shares (GLD) experienced a single-day outflow of $3 billion on March 6, forming a significant divergence.

Binance Research notes that current macro volatility is creating an "opportunity amid risk" for Bitcoin. The US-Israel-Iran conflict is driving market fluctuations, 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 below the 30–40% level seen in the US stock market ETF share, it indicates significant room for further institutional entry. Historical data shows that both Bitcoin and US stocks have often experienced strong rebounds following geopolitical turmoil. (Cointelegraph)