Data shows the digital gold narrative may be in danger on the short term as Bitcoin has diverged from Gold in its 30-day Correlation. Bitcoin Is Still Correlated To Gold On A Long-Term Scale In a new post on X, on-chain analytics firm Glassnode has discussed about how the Correlation between Bitcoin and Gold is currently looking on various timeframes. The “ Correlation ” here refers to a tool from statistics that determines how related two given variables are. In terms of assets, the metric identifies if there is any relationship between their prices. When the value of the indicator is positive over a given period, it means the price of one asset has reacted to movements in the other by traveling in the same direction. The closer is the metric to 1, the stronger is this relationship. On the other hand, the metric being under negative suggests the two assets have tended to move in opposite directions. The extreme point, corresponding to the strongest negative correlation, lies at -1. There’s also one more value that the Correlation can assume: exactly equal to zero. In statistics, when this happens, the two variables are said to be independent from each other. In other words, movements of one have no implications for the other. Now, here is the chart shared by Glassnode that shows the trend in the Correlation between Bitcoin and Gold on 30-day, 90-day, and 365-day windows: As displayed in the above graph, the Correlation between Bitcoin and Gold has been negative on 30-day and 90-day timeframes recently, indicating that the two assets have been moving against each other during the last few months. The relationship is only mild on the 90-day, but the 30-day behavior is pronounced, with the indicator standing at a notable value of -0.53. The negative Correlation has developed between the two as the precious metal has taken off with a rally, while the cryptocurrency has been stuck in consolidation. Bitcoin is often considered the digital equivalent of Gold in terms of being a “ safe haven ” asset. Given that BTC has decoupled from the traditional asset, however, the narrative may be in danger. This only holds on the short-term windows, though. From the chart, it’s visible that the 365-day Correlation between the two continues to stand at a significant positive level of 0.65. It now remains to be seen whether Bitcoin would only diverge from Gold in the near future, or if the assets will come in line before long, maintaining their long-term relationship. BTC Price Bitcoin has been making some recovery recently as its price has climbed to the $114,500 level.
Bitcoin surge: Galaxy CEO Mike Novogratz says a renewed Bitcoin surge is likely later this year as a US Federal Reserve cutting cycle combines with regulatory modernization and sizable altcoin
Galaxy Digital CEO Mike Novogratz stated that the cryptocurrency market has entered the “Solana season,” adding that both market momentum and the change in regulations are in Solana’s favor. Speaking to CNBC, Novogratz highlighted the recent $1.65 billion funding round for Forward Industries (FORD) led by Galaxy Digital, Jump Crypto, and Multicoin Capital. This funding will be used to build the world's largest treasury strategy, Solana. He noted that altcoin-focused treasury firms, in particular, are bringing new capital and energy to the market. Novogratz also noted significant changes on the regulatory front, pointing to recent statements by U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. Atkins argued that rules needed to be modernized to allow capital markets to move on-chain, saying, “Most crypto tokens are not securities.” Novogratz described this approach as a “radical departure from previous policies” and noted that institutional adoption was accelerating. Nasdaq also filed a rule change with the SEC to allow tokenized versions of listed stocks and ETFs to be traded on the same order book as traditional assets. If approved, blockchain-based clearing could be implemented in the third quarter of 2026. Novogratz stated that blockchains are now fast, secure, and ready for enterprise use. Related News: Whales Are Hoarding Bitcoin, Small Investors Are Selling: What Does This Mean? Novogratz specifically described Solana as “perfectly suited” for financial markets. Highlighting its high transaction capacity and speed, the renowned investor said that Solana and Ethereum are in healthy competition in rebuilding the global financial infrastructure. Novogratz drew a different picture for Bitcoin, stating that its price has been trending sideways recently, with capital flowing into altcoin ecosystems. However, he noted that with the Fed's interest rate cuts, he expects a strong resurgence in BTC towards the end of the year. In the long term, he described Bitcoin as “digital gold,” saying, “The only direction it will go over time is up.” *This is not investment advice. Continue Reading: Billionaire Mike Novogratz’s Surprising Announcement: “We’ve Entered the Solana Season”
COINOTAG News, September 12: According to CoinMarketCap data, the Altcoin Season Index climbed to 66, remaining near a 90-day high and well above last week’s average of 52 and last
Galaxy CEO Mike Novogratz says Bitcoin could surge again as the US Federal Reserve restarts its cutting cycle, with momentum also coming from regulatory reform.
On-chain analyst Murphy noted that Glassnode’s Investor Sentiment Confidence Index showing a move from hesitation back to positive does not constitute proof of a sustained Bitcoin uptrend. Historical instances such
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine the significance of El Salvador’s latest gold purchase and how it aligns with bitcoin’s sound‑money ethos. Latam Insights Encore: El Salvador’s Gold Purchase Follows Bitcoin Monetary Ideals in Defiance
BitcoinWorld BTC Perpetual Futures: Unveiling Crucial Long/Short Ratio Insights Ever wondered how professional traders gauge the pulse of the crypto market? One of the most insightful metrics they watch involves BTC perpetual futures long/short ratios. These ratios offer a unique window into the collective sentiment of traders on major exchanges, hinting at potential future price movements for Bitcoin. Understanding these dynamics can be a game-changer for your trading strategy. Understanding BTC Perpetual Futures Long/Short Ratios At its core, a long/short ratio for BTC perpetual futures reflects the proportion of bullish versus bearish positions currently open on an exchange. A “long” position anticipates a price increase, while a “short” position expects a price decrease. When the long percentage is higher, it suggests a more optimistic market outlook. Conversely, a higher short percentage indicates growing pessimism. These ratios are particularly important for perpetual futures contracts because they lack an expiry date. This allows traders to hold positions indefinitely as long as they meet margin requirements. This makes them a continuous barometer of market sentiment, distinct from traditional futures with fixed settlement dates. Monitoring these shifts can provide crucial context for your trading decisions. What Do Current BTC Perpetual Futures Ratios Tell Us? Let’s dive into the recent data. Over the past 24 hours, the overall sentiment across the top three cryptocurrency futures exchanges, ranked by open interest, shows a slight lean towards bullishness. Here’s a quick breakdown of the BTC perpetual futures long/short position ratios: Overall Market: Approximately 50.42% long / 49.58% short. This indicates a relatively balanced market, with a slight edge to long positions. Binance: Traders on Binance are slightly more bullish, with 50.47% long / 49.53% short. Bybit: This exchange shows the strongest bullish sentiment among the top three, reporting 52.21% long / 47.79% short. This suggests a notable confidence in Bitcoin’s upward potential among Bybit users. Gate.io: In contrast, Gate.io traders lean bearish, with 48.51% long / 51.49% short. This could signal caution or an expectation of a price dip from this segment of the market. Observing these individual exchange biases is vital. Different platforms often attract diverse trader demographics, leading to varying sentiments. For instance, Bybit’s higher long ratio might reflect a more aggressive trading style prevalent on that platform, whereas Gate.io’s short bias could point to a more conservative or contrarian approach. Navigating the Market: Actionable Insights from BTC Perpetual Futures So, how can you use this information? While BTC perpetual futures long/short ratios are not a standalone trading signal, they are a powerful tool for confluence. For example, if you see a strong bullish bias (high long percentage) accompanied by positive technical indicators, it could reinforce a decision to go long. Conversely, a high short percentage combined with bearish chart patterns might suggest caution or even a short opportunity. However, it’s crucial to remember that extreme ratios can sometimes signal a reversal. An overwhelmingly high long ratio might indicate an overleveraged market, potentially vulnerable to a “long squeeze” if prices drop unexpectedly. Similarly, an extreme short ratio could precede a “short squeeze” if prices unexpectedly rise. Always combine this data with other analytical tools, such as price action, volume, and on-chain metrics, to form a comprehensive view. The Dynamic World of BTC Perpetual Futures Trading The landscape of BTC perpetual futures trading is constantly evolving. These ratios change by the minute, reflecting real-time market reactions to news, economic data, and technical developments. Staying informed about these shifts is paramount for active traders. By regularly checking these metrics, you can gain a deeper understanding of the market’s underlying psychological state and make more informed decisions. Moreover, comparing these ratios across different exchanges helps to paint a more complete picture. A divergence in sentiment between major platforms can sometimes highlight arbitrage opportunities or signal localized market inefficiencies. This granular data empowers traders to not just react to price movements, but to anticipate them based on collective market positioning. Summary: Harnessing Sentiment for Smarter Trades In conclusion, BTC perpetual futures long/short ratios provide invaluable insights into market sentiment, offering a glimpse into the collective mindset of Bitcoin traders. While the current market shows a slight bullish lean overall, individual exchange data reveals interesting divergences. By integrating these ratios into your analytical toolkit, alongside other indicators, you can enhance your understanding of market dynamics and potentially refine your trading strategies. Remember, knowledge is power in the fast-paced world of cryptocurrency trading. Frequently Asked Questions (FAQs) What are BTC perpetual futures? BTC perpetual futures are cryptocurrency derivatives contracts that allow traders to speculate on the future price of Bitcoin without an expiry date, unlike traditional futures. They continuously roll over, making them a popular instrument for continuous trading. How do long/short ratios work? Long/short ratios indicate the proportion of open long (buy) positions versus short (sell) positions for a specific asset like BTC perpetual futures. A ratio above 1 suggests more traders are long, while a ratio below 1 indicates more are short. Why are long/short ratios important for traders? These ratios serve as a key indicator of market sentiment. They help traders understand the collective bullish or bearish bias, which can inform their trading decisions and help anticipate potential market moves. Can long/short ratios predict price movements? While not a definitive predictor, long/short ratios offer valuable insights into market positioning and potential areas of support or resistance. They are best used in conjunction with other technical and fundamental analysis tools to confirm trends or anticipate reversals. What is a “long squeeze” or “short squeeze”? A “long squeeze” occurs when a sharp price drop forces many long position holders to close their positions, often leading to further price declines. Conversely, a “short squeeze” happens when a sudden price increase forces short sellers to cover their positions, pushing prices even higher. If you found this analysis of BTC perpetual futures long/short ratios insightful, consider sharing it with your trading community on social media! Your insights can help others navigate the dynamic crypto markets. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post BTC Perpetual Futures: Unveiling Crucial Long/Short Ratio Insights first appeared on BitcoinWorld and is written by Editorial Team