An interesting observation in the market is that the Bitcoin to silver ratio is approaching levels we saw during the FTX crash. I notice that when such parallels appear, it often signals certain phase transitions in the crypto market.

Previously, during the FTX capitulation, Bitcoin showed very interesting dynamics relative to traditional assets. Now, it seems the story is repeating — this pattern is something traders should monitor. When these ratios reach critical levels, it usually results in either a rebound or further correction.

I’ve been tracking this indicator for several years, and I can say it’s one of the most reliable market sentiment indicators. If Bitcoin continues to move in this direction, it could mean we’re approaching an important turning point. It’s worth keeping this on the radar.