[The Bitcoin-to-Silver Ratio Approaches November 2022 Levels, Silver May Have Reached the Peak of This Cycle] According to a report by Jinse Finance, the current Bitcoin-to-silver ratio is approximately 780. This level is below the peak reached in 2017 when Bitcoin hit $20,000 and is close to the levels of November 2022, when the ratio dropped to around 700, and Bitcoin bottomed near $15,500. The convergence of this ratio once again suggests that silver, relative to Bitcoin, may be entering a more vulnerable phase. Historically, silver's cyclical peaks often occur at the beginning of the year, mostly in the first half. This historical pattern poses a potential risk signal for the current price trend of silver. If history repeats itself, silver may have already reached the peak of this cycle, or it is even possible that it has already topped out.