Bitcoin near $65K as Divergence from Gold Signals Investor Distrust

Bitcoin (BTC-USD) nears $65,000 on February 12, 2026, as a growing disconnect with gold (GC=F) signals waning traditional investor confidence. Gold is up 16% YTD versus Bitcoin’s -22% since January 1, 2026, and about -45% from its October 2025 all-time high of over $126,000. ETF outflows have risen since October, with Standard Chartered cutting its year-end price targets to $4,000 for ETH and $100,000 for BTC. Analysts note the Federal Reserve is expected to maintain rates until June, amid potential for prices to test below $50,000 before a rebound.