Analysis: BTC and gold have “rifts” in their relationship, and recent weakness may have been digested by the market due to the positive news after hitting the peak of $109,000.

PANews reported on April 12 that Jim Iuorio, a senior futures and options trader, wrote an article on the official website of CME Group to analyze the reasons for the recent weak Bitcoin performance. He pointed out that there are two main reasons:

First, after Bitcoin reached a peak of US$109,000 in mid-January, the positive news has been digested by the market. The expected news will be confirmed and will choose to sell, resulting in the growth of long positions liquidation at the same time;

Second, many institutional traders have classified Bitcoin and the Nasdaq index into the same portfolio. When the Nasdaq falls sharply, it will trigger a Bitcoin sell-off to meet margin requirements.

In addition, the relatively closely related relationship between gold and Bitcoin's trend began to show cracks in 2025, with gold rising 16% while Bitcoin falling more than 6%. Analysts believe that although there has been a recent differentiation between gold and Bitcoin, the rapid development of Bitcoin in the digital age is unprecedented and is accelerating its maturity.