According to @CryptoMichNL, the BTC-to-Gold (BTC/XAU) ratio has fallen to a new 2-year low, highlighting Bitcoin’s relative underperformance versus Gold, source: @CryptoMichNL. He states Bitcoin is overextended to the downside while Gold is overextended to the upside, increasing the likelihood of mean-reversion, source: @CryptoMichNL. He expects a rotation or at least a short-term bounce in Bitcoin relative to Gold, source: @CryptoMichNL. For traders, this points to monitoring BTC/XAU for reversal confirmation and considering relative-value setups favoring BTC over Gold if momentum turns, source: @CryptoMichNL.