Analysis: Bitcoin rebounds along with US stocks, and its divergence from gold may indicate significant upside potential

Mars Finance reports that Bitcoin’s recovery today is closely related to a similar rebound in the U.S. stock market, led by artificial intelligence and technology stocks. The Nasdaq Index, which is primarily technology-focused, led the gains with a daily increase of 1.05%, while the S&P 500 rose by 0.68%. The Dow Jones Industrial Average gained 421 points, closing up 0.86% on Tuesday. Analysts note that Bitcoin’s correlation with gold and U.S. stocks is currently at its lowest level since the FTX incident in 2022. Despite gold rising 51% over the past six months and Bitcoin falling 43%, on-chain data providers believe this extreme divergence historically signals significant upside potential. Additionally, Coinbase’s premium index turned positive for the first time since January 15, accompanied by a $258 million net inflow into spot ETFs on Tuesday, indicating a return of institutional buying in the U.S. Darius Sit, founder of QCP Capital, stated that this divergence reflects liquidity changes driven by position liquidations and leverage, rather than a failure of Bitcoin’s long-term narrative.