For the first time in three years, the correlation between Bitcoin and gold has dropped to nearly -0.9. This is a dramatic decoupling, showing that Bitcoin and gold have been moving in opposite directions recently. While gold has weakened, Bitcoin has held strong around $70,000, signalling a potential shift in market dynamics. Historically, such extreme negative correlations have coincided with major Bitcoin bottoms and align with a long-term trend where Bitcoin is gradually separating from gold's traditional safe-haven behaviour. Diverging performance sparks investor interest Over the past weeks, gold has lost ground while Bitcoin has shown resilience, trading above short-term moving averages.