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Bitcoin vs Gold just hit one of its deepest oversold readings ever.
That does not mean instant upside.
It means BTC is being priced like the rejected risk asset while gold is being treated as the safety trade.
Historically, this kind of gap appears when fear is already stretched.
If liquidity rotates back into risk, this chart could become a major cycle signal.
Gold is pricing fear.
Bitcoin may be pricing exhaustion.
#bitcoin
#Gold
bitcoin:native $XAUt