According to @Excellion, Bitcoin's next run will put the gold rally to shame, implying potential BTC outperformance versus XAU on a relative basis. Source: Samson Mow on X, Oct 16, 2025. BTC set a record high near 73,800 on March 14, 2024. Source: Bloomberg pricing data. Gold printed new highs above 2,400 per ounce in April 2024. Source: LBMA Gold Price and World Gold Council. The BTC/XAU ratio is a practical gauge for momentum rotation between crypto and precious metals that traders actively track. Source: TradingView BTCUSD/XAUUSD ratio. Key trading signals to validate or fade the view: 1) BTC/XAU ratio breakout above prior 2024 highs to confirm relative strength. Source: TradingView BTCUSD/XAUUSD ratio. 2) Net creations in US spot BTC ETFs as a proxy for marginal demand. Source: U.S. Securities and Exchange Commission approvals Jan 10, 2024; issuer dashboards such as iShares Bitcoin Trust website. 3) CME Bitcoin futures basis and funding to assess leverage and risk appetite. Source: CME Group futures data. 4) On-chain realized profit and loss metrics to gauge supply overhang. Source: Glassnode Academy. 5) USD liquidity proxies such as U.S. real yields and the DXY for macro headwinds or tailwinds. Source: Federal Reserve data and ICE U.S. Dollar Index. Risk management: If BTC/XAU fails to break out while gold sustains highs, crypto drawdown risk increases, so confirmation from ratio expansion and ETF inflows is prudent before sizing risk. Source: TradingView BTCUSD/XAUUSD history and issuer ETF flow dashboards.

According to @rovercrc, BlackRock now holds 749,000 BTC; this claim should be verified against BlackRock’s iShares Bitcoin Trust daily holdings disclosures or SEC filings before trading, source: @rovercrc; BlackRock iShares Bitcoin Trust disclosures; SEC filings. If accurate, accumulation on this scale would reduce freely tradable supply and can tighten spot liquidity while lifting BTC futures basis and funding during ETF inflow surges, source: @rovercrc; BlackRock iShares Bitcoin Trust disclosures; CME Group data. Traders should look for confirmation via net US spot Bitcoin ETF inflows, IBIT share creations, BTC order book depth, and spot-futures spread behavior before positioning, source: @rovercrc; BlackRock iShares Bitcoin Trust disclosures; major exchange order books; CME Group.