$BTC vs $SILVER Interesting how this put in a massive bottom on the ratio right at the FTX bear market lows. The volatility that these two pairs have seen relative to each other over the past ~4 years is insane.

What happened

The Bitcoin‑to‑Silver price ratio fell to a sharp low at the same time the market hit its lowest point after the FTX collapse, marking a massive bottom in the ratio.

Confirmed

Global impact / market context

A low ratio suggests Bitcoin has underperformed relative to silver, which may signal a buying opportunity for crypto investors or indicate heightened risk in the crypto market compared to traditional metals.

Analyst inference

The drop occurred during the post‑FTX bear market, when many crypto assets were falling sharply while silver, a traditional safe‑haven metal, remained relatively stable, creating large swings between the two.

Analyst inference

What to watch

1. If Bitcoin’s price starts to rise, the ratio could rebound, showing a potential recovery in crypto valuations. Analyst inference
2. Silver’s price stability will influence the ratio’s movement, so any shift in metal markets could affect the signal. Analyst inference
3. Overall crypto market health, especially after the FTX fallout, will determine whether the low ratio persists or improves. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com