**[BTC/Gold Ratio's Three-Month Uptrend Comes to an End, Funds Flowing Back to Gold ETFs]** BlockBeats News, May 27: The three-month upward trend of Bitcoin relative to gold has shown a significant breakdown. The BTC/Gold ratio recently fell below a critical ascending trendline, indicating a shift in capital preference back toward traditional safe-haven assets like gold. Data shows that since March, the BTC/Gold ratio had risen from approximately 12 to 18, reflecting a period when the market favored Bitcoin as the "digital gold." However, with the recent reversal in trend, analysts believe gold may outperform BTC in the short term. Capital flows also confirm this shift. Over the past two weeks, U.S. Bitcoin ETFs have seen cumulative outflows exceeding $2 billion. Meanwhile, gold and precious metals ETFs attracted approximately $2.34 billion in net inflows during the week ending May 20. Analysts suggest that against the backdrop of rising U.S. Treasury yields, strengthened expectations of "higher interest rates for longer," and ongoing disruptions in the Middle East, the market is reallocating toward traditional hard assets. Meanwhile, Bitcoin's narrative as a "store of value" appears to have lost some momentum. [Original Link]