BTC/Gold Ratio Breaks Three-Month Uptrend as $20B Bitcoin ETF Outflows Boost Gold

BTC-1.15%

According to BlockBeats, on May 27, Bitcoin's three-month rally against gold came to an abrupt halt as the BTC/Gold ratio broke below a key uptrend line. The ratio, which had climbed from approximately 12 to 18 since March, has reversed course, signaling renewed investor preference for traditional safe-haven assets like gold.

Fund flows corroborate the shift: U.S. Bitcoin ETFs saw cumulative outflows exceeding $2 billion over the past two weeks, while gold and precious metals ETFs attracted approximately $2.34 billion in net inflows for the week ending May 20.

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