#数字资产市场动态 $BTC

The valuation of Bitcoin relative to precious metals is rapidly being reassessed. Recent data changes have indeed sounded alarms for many holders.

📉 Two core indicators have experienced significant fluctuations:

· Currently, 1 Bitcoin can be exchanged for about 19 ounces of gold, down from nearly 38 ounces at the beginning of the year, a direct halving.
· The exchange ratio with silver has fallen even more dramatically, losing two-thirds of its purchasing power since the high point in May.

In other words, if you regard Bitcoin as "digital gold," the current reality might be that it has temporarily become "digital silver."

Compared to the most difficult bear market in 2022 (when 1 Bitcoin could only buy 9 ounces of gold), the current price level is still higher, but the decline is indeed a bit alarming. This actually reflects two opposing forces:

✨ Traditional precious metals are gaining strength: global uncertainties persist, and gold’s safe-haven attributes are shining again, while silver’s industrial demand is also being reevaluated. They are like seasoned investment assets—low-key, steady, and tested through cycles.

⚡ The crypto market is entering a consolidation phase: after falling from its high point, Bitcoin is fluctuating within a range, and capital flows may be undergoing subtle changes. The enthusiasm for emerging assets is cooling, and it will take time to rebuild strength.

The market essentially is constantly seeking a balance point. The rises and falls of these ratios are not the final judgment of victory or defeat for any asset but rather a dynamic adjustment of value. It reminds everyone that no asset can stay in the top spot forever; perhaps the most prudent approach is to understand the roles each asset plays in different market cycles.

Current investor behavior clearly illustrates this—reassessing the value weights between the "long-standing safe haven" and the "digital new asset." This quiet market game may just be beginning to unfold its full picture.