As a long-term observer of the cryptocurrency market, a recent phenomenon worth noting is that the correlation between Bitcoin and gold has fallen to -0.18, which is a clear market divergence signal.

Looking back at historical data, whenever these two asset classes shift from high correlation to divergence, Bitcoin often experiences significant gains. Major market movements in 2017 and 2021 both began with similar correlation reversals. Gold, as a traditional safe haven, has long been considered a "digital gold," while Bitcoin has evolved into a dual-asset that carries policy expectations and technological innovation.

This timing is indeed worth pondering. The regulatory environment is trending positively, institutional funds continue to flow in, and even sovereign-level large capital is actively deploying. From a market structure perspective, BTC's 30-day volatility has already fallen below that of gold, with 76% of circulating supply being locked for the long term, indicating a market structure that is more stable than ever before.

Some voices warn of high volatility risks, but from a data perspective, Bitcoin's current volatility is actually smaller. Investors who are waiting when the correlation is positive now face an obvious choice—continue to wait or re-evaluate the opportunities of this cycle.

History does not simply repeat itself, but the market rhythm often resembles itself. If this trend, initiated by the negative correlation, indeed holds, missing it may mean waiting for the next four-year cycle.