BTC to silver ratio nears levels last seen during the FTX capitulation
CoinDesk
The BTC to silver ratio near 780 suggests silver may be entering a vulnerable phase relative to Bitcoin.Summary
The current Bitcoin to silver ratio is near 780, approaching levels seen during the November 2022 FTX capitulation bottom, suggesting silver might be entering a vulnerable phase relative to Bitcoin. Silver has surged nearly 300% over the past year, experiencing extreme volatility, including a near 15% drop after briefly hitting highs near $117 per ounce. Historically, silver has often seen local tops early in the calendar year, with previous blow-off tops occurring in years like 1980 and 2011. This historical pattern, combined with the current ratio, raises a potential red flag that silver may have reached its cycle peak or a blow-off top.
(Source：CoinDesk)