Bitcoin-Gold Ratio Flashes Bullish Divergence, Bolstering Long-Term Outlook

The Bitcoin-to-gold ratio measures the relative strength of two scarce assets. A rising ratio signals that capital is favoring growth-oriented Bitcoin. MN Capital founder Michaël van de Poppe said the daily price chart had made a lower low while the relative strength index had formed a higher low, creating a bullish divergence. That suggests selling pressure is easing and raises the likelihood of a long-term reversal.

In February 2026, the ratio retested support at 12–13, an area that served as resistance in 2017 before becoming support in 2022 and 2023. SPDR Gold Shares (GLD) recorded a one-day outflow of $3 billion on March 6. As of March 11, Bitcoin ETFs had posted net inflows of $906 million over the previous 30 days, a marked improvement from net outflows of $1.9 billion one month earlier.