Market updates
Bitcoin-Gold Ratio Drops to 12-Week Low
Pemula
2025-02-06 | 5m
The Bitcoin-Gold ratio has dropped to its lowest level since November 14, 2024, reflecting gold’s strength as a safe-haven asset. Gold prices have surged nearly 10% this year, reaching a record $2,877 per ounce, driven by escalating trade tensions. This has led to a rise in physical gold deliveries, with JPMorgan set to transfer $4 billion worth of bullion to New York.
Meanwhile, Bitcoin has struggled to gain upward momentum. The BTC-Gold ratio has fallen 15.4% from its December peak of over 40, now sitting at 34. Although U.S.-listed spot Bitcoin ETFs have seen $4 billion in inflows, these investments are largely driven by arbitrage strategies rather than long-term accumulation, limiting BTC’s price impact. Traders engaging in spot or futures selling to offset ETF purchases have further dampened Bitcoin’s performance.
Overall, gold’s strong demand and geopolitical uncertainties continue to reinforce its status as a stable asset, while Bitcoin is partly influenced by speculative trading and ETF market dynamics.
Source:
CoinDesk
Futures Market Updates
In the past 24 hours, BTC futures saw a slight decline in open interest (-0.31%), while ETH futures experienced a notable increase (+2.79%). Trading volume dropped significantly for both, with BTC down 47.54% and ETH down 41.06%. BTC liquidations were more skewed toward longs ($23.59M vs. $12.39M shorts), whereas ETH saw higher short liquidations ($22.25M vs. $17.67M longs). The long/short ratio remained nearly balanced for both, with BTC slightly favoring shorts and ETH slightly favoring longs. BTC's funding rate (0.0032%) was higher than ETH’s (0.0002%), indicating relatively stronger demand for leveraged long positions in BTC.
BTC Futures Updates
Total BTC Open Interest: $58.85B (-0.31%)
BTC Volume (24H): $64.35B (-47.54%)
BTC Liquidations (24H): $23.59M (Long)/$12.39M (Short)
Long/Short Ratio: 49.68%/50.32%
Funding Rate: 0.0032%
Ether Futures Updates
Total ETH Open Interest: $24.32B (2.79%)
ETH Volume (24H): $46.08B (-41.06%)
ETH Liquidations (24H): $17.67M (Long)/$22.25M (Short)
Long/Short Ratio: 50.16%/49.84%
Funding Rate: 0.0002%
Top 3 OI Surges
STPT: $9.18M (+234.75%)
QI: $852.39K (+166.68%)
OMG: $1.18M (+105.80%)
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