{"id":93125,"date":"2026-01-14T13:42:07","date_gmt":"2026-01-14T10:42:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93125"},"modified":"2026-01-14T13:45:25","modified_gmt":"2026-01-14T10:45:25","slug":"bitcoins-correlation-with-gold-drops-to-zero","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoins-correlation-with-gold-drops-to-zero\/","title":{"rendered":"Bitcoin&#8217;s Correlation with Gold Drops to Zero"},"content":{"rendered":"<p>For the first time since mid-2022, the 52-week correlation between Bitcoin and gold has fallen to zero. By the end of January, the indicator might enter negative territory, according to Cointelegraph analyst <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-gold-correlation-signals-at-least-50-btc-price-gains-by-march\">Yashu Gola<\/a>.<\/p>\n<p>Historically, a decoupling of these assets has preceded rallies in the leading cryptocurrency. In four similar instances, Bitcoin&#8217;s price increased by an average of 56% within two months after the signal.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-6b2c53c080eafdb5-3603429634556314.webp\" alt=\"Screenshot 2026-01-14 132458\" class=\"wp-image-273327\"\/><figcaption class=\"wp-element-caption\">Source: Cointelegraph\/TradingView.<\/figcaption><\/figure>\n<p>The only exception was in May 2021, when prices fell by 26% amid <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-mining-in-2021-chinas-ban-reshaped-the-balance-of-power\">China&#8217;s mining ban<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/tesla-halts-bitcoin-car-sales-and-roils-the-market\">Tesla&#8217;s refusal<\/a> to accept digital assets.<\/p>\n<p>Current macroeconomic conditions are conducive to growth. Global liquidity (M2 aggregate) is increasing, and the US Federal Reserve is winding down its <a href=\"https:\/\/forklog.com\/en\/news\/how-the-feds-policy-rate-affects-cryptocurrency-prices\">quantitative tightening policy<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"562\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8debf25e395a56cc-3603457039386962-1024x562.png\" alt=\"Screenshot 2026-01-14 131059\" class=\"wp-image-273328\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8debf25e395a56cc-3603457039386962-1024x562.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-8debf25e395a56cc-3603457039386962-300x165.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-8debf25e395a56cc-3603457039386962-768x421.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-8debf25e395a56cc-3603457039386962.png 1347w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/charts.bgeometrics.com\/m2_global.html\">BGeometrics<\/a>.<\/figcaption><\/figure>\n<p>Matt Hougan, Head of Research at Bitwise, <a href=\"https:\/\/fidelitydigitalassets.com\/sites\/g\/files\/djuvja3256\/files\/acquiadam\/FDA_2026_LookAheadReport_V3.pdf\">stated<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBitcoin bull markets coincide with periods of rising global liquidity. The new cycle of policy easing will be a price catalyst through 2026.\u201d<\/em><\/p>\n<\/blockquote>\n<p>In 2025, gold rose by 65%, while the leading cryptocurrency showed weak performance. However, Hougan believes the coin will reclaim its leadership in 2026.<\/p>\n<p>He added that the low long-term correlation of assets allows Bitcoin to enhance portfolio returns without the risks of \u201cgold leverage.\u201d<\/p>\n<p>Analyst Tuur Demeester confirmed that accelerated \u201cmoney printing\u201d remains the main market driver.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin performance vs change in global M2. While gold &#038; silver have been absorbing demand for inflation hedges, accelerated money printing remains a major tailwind for bitcoin. HT <a href=\"https:\/\/twitter.com\/DigitalAssets?ref_src=twsrc%5Etfw\">@DigitalAssets<\/a> <\/p>\n<p>From the report: &#8220;Historically, bitcoin bull markets have aligned with periods of\u2026 <a href=\"https:\/\/t.co\/83IEm8g6VN\">pic.twitter.com\/83IEm8g6VN<\/a><\/p>\n<p>\u2014 Tuur Demeester (@TuurDemeester) <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/2010819557334630774?ref_src=twsrc%5Etfw\">January 12, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A trader under the pseudonym Midas noted the similarity of the current chart with the 2020-2021 cycle. The price is now emerging from the accumulation phase, as it did before the parabolic rise to $70,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This setup looks similar to 2020\u20132021<\/p>\n<p>If it repeats, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> could reach $150k<\/p>\n<p>BULL RUN IS COMING <a href=\"https:\/\/t.co\/rBQXSqbo5X\">pic.twitter.com\/rBQXSqbo5X<\/a><\/p>\n<p>\u2014 Midas (@DeFiMidas) <a href=\"https:\/\/twitter.com\/DeFiMidas\/status\/2009695382427840630?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his view, a repeat of the scenario and realization of the 56% growth potential could push Bitcoin into the $150,000 range.<\/p>\n<h2 class=\"wp-block-heading\">Market Reset<\/h2>\n<p>Since early October, the open interest (OI) volume in Bitcoin futures on Binance has fallen by more than 31%. CryptoQuant analyst Darkfost described this as a sign of market recovery and leverage reduction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Deleveraging signal as BTC OI drops by 31%<\/p>\n<p>\u201cHistorically, they have often marked significant bottoms, effectively resetting the market and creating a stronger base for a potential bullish recovery.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/Darkfost_Coc?ref_src=twsrc%5Etfw\">@Darkfost_Coc<\/a> <a href=\"https:\/\/t.co\/JkYoKfg4Ql\">pic.twitter.com\/JkYoKfg4Ql<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2011342541413560699?ref_src=twsrc%5Etfw\">January 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 6, the indicator reached a historic high, exceeding $15 billion. For comparison, at the peak of the bull phase in November 2021, the volume of open positions was only $5.7 billion. In 2025, traders&#8217; interest in derivatives nearly tripled.<\/p>\n<p>Following the record, a correction to $10 billion ensued\u2014below the 180-day <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-moving-average-and-how-is-it-used-in-crypto\">moving average<\/a>. The decline was accompanied by a wave of liquidations.<\/p>\n<p>According to the analyst, the current deleveraging phase will \u201crevitalize the market\u201d:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cHistorically, such periods have often indicated the formation of a bottom, effectively \u2018resetting\u2019 the market and creating a foundation for future recovery.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Darkfost warned that a growth scenario is not guaranteed. If Bitcoin&#8217;s price continues to fall, open interest will decrease even further. This could signal a deeper correction and a full transition into a bearish phase.<\/p>\n<p>Analysts have <a href=\"https:\/\/forklog.com\/en\/news\/analysts-see-bitcoin-reaching-100000-by-end-january\">suggested<\/a> that digital gold could surpass the psychologically significant $100,000 level by the end of January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time since mid-2022, the 52-week correlation between Bitcoin and gold has fallen to zero. By the end of January, the indicator might enter negative territory.<\/p>\n","protected":false},"author":1,"featured_media":93126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's 52-week correlation with gold has dropped to zero, possibly turning negative by January's end.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,536,1145,1138],"class_list":["post-93125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gold","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"223","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's 52-week correlation with gold has dropped to zero, possibly turning negative by January's end.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93125"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93125\/revisions"}],"predecessor-version":[{"id":93127,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93125\/revisions\/93127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93126"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}