The independent bullish logic of Bitcoin is valid, and gold analysts are also optimistic about the future market.

A recent interesting phenomenon in the market is that Bitcoin can maintain its upward trend without following gold’s retracement. This idea may seem counterintuitive, but industry experts’ analysis shows solid data backing it.

Glassnode Chief Analyst James Cheek expressed this view on social media, emphasizing that it could challenge many investors’ existing perceptions of the correlation between crypto assets and traditional safe-haven assets. Macro economist Lyn Alden also shared a similar perspective in a recent YouTube podcast, further confirming this judgment.

From a gold analysis perspective, the relative performance of Bitcoin and gold is indeed worth noting. Over the past year, Bitcoin experienced prolonged price volatility, while gold saw a remarkable rally. This differentiated performance has recently caused the Bitcoin-to-gold ratio to show a strong trend.

What does this mean? Simply put, Bitcoin has gradually formed an independent upward logic from traditional precious metals. Investors no longer need to overly rely on gold trends to judge Bitcoin’s direction; the two are decoupling. For market participants seeking diversification, this provides a new dimension of thinking.