Bitcoin’s decoupling from gold highlights investors’ shift to risk-off assets in 2024.
Social dominance spikes often signal major Bitcoin price shifts amid market volatility.
Excessive leverage in Bitcoin leads to sharp corrections during volatile price movements.
Bitcoin’s price is slipping, and no longer moving in sync with traditional safe havens like gold. Cryptoquant’s research head, Julio Moreno, pointed to this as a sign that investors were getting more cautious and shying away from riskier assets.
Read also: Bitcoin’s Risk-Adjusted Returns Challenged: NVIDIA, Meta, Gold Rise
Bitcoin remains in a bear phase and it has decoupled from Gold as investors switch to risk-off mode.@cryptoquant_com
Our latest crypto report: https://t.co/XPaaGrs1Wz
— Julio Moreno (@jjcmoreno) September 11, 2024
Bitcoin Volatility Contrasts with Gold’s Stability
Bitcoin’s price volatility stands in stark contrast to the relative stability of gold, which has maintained its reputation as a secure store of value. This divergence reflects changing investor sentiment as they move away from high-risk assets and towards traditional investments during turbulent market period…
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