Headline: Bitcoin’s three-month rally vs. gold snaps as investors rotate into precious metals Bitcoin’s recent outperformance over gold appears to have ended, with the bitcoin-to-gold ratio — the dollar price of one BTC divided by the dollar price per ounce of gold — breaking a three-month uptrend. That ratio climbed from roughly 12 in early March to about 18 during BTC’s mini-bull run, but it has stalled and decisively turned lower over the past 24 hours, piercing the rising trendline that had defined the move. Why it matters: this ratio is a quick gauge of which “store of value” investors prefer. The technical breakdown is more than just a chart event; it suggests momentum may be shifting back toward gold. Trendline breaks can be short-lived, but for now the picture points to renewed interest in precious metals. What’s driving the shift: when geopolitical risk spiked in late February — the Iran conflict and oil rally above $100 per barrel — investors initially parked cash in bitcoin, helping lift the BTC/gold ratio. But changing macro dynamics have flipped flows. Bitcoin-focused ETFs shed more than $2 billion over the past two weeks as Treasury yields hardened and markets priced in a higher-for-longer U.S. interest-rate outlook. By contrast, gold and precious-metals funds attracted $2.34 billion in the week ended May 20, marking a second straight week of inflows, according to LSEG Lipper data cited by Reuters. Prices: at the time of writing, bitcoin was trading near $75,600 (down about 0.3% from midnight UTC), while gold was largely flat around $4,500 per ounce. Implication for traders and investors: the breakdown in the BTC-gold ratio signals a potential near-term edge for gold over bitcoin, driven by macro pressure on risk assets and renewed demand for traditional safe havens. Still, chart patterns can reverse quickly — keep an eye on ETF flows, Treasury yields and any fresh geopolitical developments for confirmation. Read more AI-generated news on: undefined/news