🐋 WHALE WATCH: The structural breakdown in the Bitcoin to gold ratio has pushed the asset class into historic oversold territory. Gold has been capturing the pure geopolitical safety bid while BTC has been trading more like a liquidity proxy. This deep divergence has completely broken the traditional thesis of them moving together. But remember that markets always move in cycles and extremes get pushed back to equilibrium eventually. With BTC holding near the $80000 range a sudden shift in macro liquidity could trigger an aggressive catch up play against metals. Is this the ultimate cyclical low for the BTC gold ratio ?(Whale Factor)