Bitcoin (CRYPTO: BTC) has outperformed gold since the start of the Iran war but remains down against gold over the past year.
Despite this divergence, some analysts argue the steep correction may represent a long-term buying opportunity.
Historic Correction Against Gold
In an Apr. 14 post on X, trader Michael van de Poppe said Bitcoin’s recent drawdown relative to gold is among the most severe on record, estimating a decline of roughly 66% in a key valuation metric known as sigma deviation.
He noted that similar extremes have previously appeared near major cycle …