Analysis: BTC's inverse correlation with gold nears all-time high

The inverse correlation between the price of Bitcoin and gold is approaching a record high, according to a recent analysis. Ki Young Ju, CEO of CryptoQuant, stated that Bitcoin is currently in a phase where it is not behaving like digital gold. He shared a Pearson graph comparing the two assets, which shows their correlation coefficient nearing -1. This figure suggests a perfect negative correlation, meaning the two assets are moving in completely opposite directions.