On March 12, Bitcoin's ratio against gold displayed bullish divergence, indicating weakened selling pressure and potentially serving as a reference point for Bitcoin's long-term trend bottom. Bitcoin ETF net inflows reached approximately $906 million, while gold ETF experienced single-day outflows of $3 billion, forming a notable divergence. Despite ETF trading volume being lower than US equities, there remains significant room for institutional capital entry. Historically, Bitcoin has often rebounded following geopolitical turmoil.

On March 12, the price of gold fell to $5,166.58 per ounce, and the price of silver fell to $86.445 per ounce. The volatility indices for Bitcoin and Ethereum were 54.47 and 74.31, respectively. The US dollar declined against the Chinese yuan and rose against the Japanese yen. European stock indices generally declined, while WTI and Brent crude oil rose. The Gate platform supports trading of various financial assets.

Gate News reports that on March 12, spot gold experienced an intraday decline that briefly expanded to $25 following the announcement of Iran's new Supreme Leader statement, currently trading at $5172.2 per ounce.

Gate News report: On March 12, Arthur Hayes posted that BTC has accumulated gains of approximately 7% since the US-Iran conflict erupted on February 28, while gold declined approximately 2% over the same period, and the Nasdaq 100 Index (US technology stock benchmark index) experienced a slight decline of approximately 0.5%.

Gate News bot message, according to the official Gate announcement on March 12, 2026 The Gate Contract Index Zone will launch the GVZ Perpetual Contract for live trading at 16:30 (UTC+8) on March 12. GVZ is the Gold Volatility Index, commonly known as the Gold Fear Index, and is benchmarked against the stock market's VIX index. This perpetual contract is settled in USDT, supports 1-20x leverage for long and short positions, and users can choose their leverage ratio at the time of order.

On March 12th, Gate Research Institute noted that the volatility of traditional assets such as gold and crude oil reached new highs, at 33% and 108% respectively. In the crypto assets sector, the implied volatility of BTC and ETH is also high. Recently, the market has been dominated by put options, but the demand for hedging has weakened, and short-term price fluctuations may be influenced by Gamma effects. Gate has also launched gold and crude oil options, marking the first introduction of traditional assets.

Gate News Report, March 12, international spot gold prices fell by $50 during the day, currently at $5125.92 per ounce, a decrease of 0.97%.

On March 11, Hyperinsight showed that the short positions on major commodities such as gold, silver, and crude oil on the Hyperliquid platform each exceeded $10 million. The largest short position in gold reached $27.4 million, while short positions in silver and crude oil were $12.9 million and $25.6 million respectively. The overall unrealized losses and gains varied, reflecting different market strategies for trading commodities.

Gate News Report, March 11 — According to Arkham monitoring, Antalpha recently transferred $15 million worth of XAUT to Cobo. It is reported that Antalpha previously purchased $241 million worth of XAUT at an average price of $3,693, equivalent to over 1.8 tons of physical gold bars. Currently, this investment has already yielded a profit of over $100 million.

Since the beginning of this year, the total value of tokenized real-world assets on public blockchains has increased by approximately 66%, reaching $23.6 billion, of which tokenized funds account for 44.5%, mainly including U.S. Treasury bonds and bonds, with tokenized gold and commodities totaling about $6.5 billion.