Analysis: BTC's relationship with gold is "breaking", and recent weakness may be due to the market digesting the positive news after reaching the peak of $109,000

Mars Finance News: Veteran futures and options trader Jim Iuorio analyzed the reasons for Bitcoin's recent weak performance on the CME Group website, pointing out two main reasons: first, the positive factors after Bitcoin reached a peak of $109,000 in mid-January have been digested by the market, and after confirming expectations, traders chose to sell, leading to increased long position liquidation; second, many institutional traders have included Bitcoin in the same portfolio as the Nasdaq index, and when the Nasdaq drops significantly, it triggers Bitcoin sell-offs to meet margin requirements. Additionally, the closely related trend between gold and Bitcoin began to show cracks in 2025, with gold rising 16% by the end of March while Bitcoin dropped over 6%. The analysis suggests that despite the recent divergence between gold and Bitcoin, Bitcoin's rapid development in the digital era is unprecedented and is accelerating its maturity.