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Bitcoin–gold correlation just dropped to -0.88 — the lowest level since Nov 2022.
That’s a strong signal.
$BTC is no longer moving with traditional safe-haven flows. Instead, it’s behaving like a risk-on asset, diverging sharply from gold.
This kind of disconnect often appears when capital rotates — not exits.
If this trend holds, Bitcoin isn’t following the old narrative anymore… it’s writing a new one.