A prominent cryptocurrency analyst calls the current market signals a rare buying window and urges investors to reconsider old trades between gold and Bitcoin.
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According to CryptoQuant author Joanne Wesson, a series of bottom signals are flashing in the BTC/gold ratio that could be a turning point in how the two assets move relative to each other.
Rare signals are pointing towards Bitcoin
Wesson’s chart shows two tags, one blue and one green, that line what he calls a normalized oscillator with lows. According to him, blue tags indicate the bottom of the BTC/gold ratio, while green tags appear when both indicators reach their lowest values together.
When it has happened before, it has often happened during Bitcoin crashes or big swings in market mood. According to Wesson, today is a “historic opportunity” and investors should now “exchange gold for Bitcoin.”
Historic Opportunity: Exchange Gold for Bitcoin. 🟡⮕₿
Bottom signals for the BTC/gold ratio are very rare and tend to appear during moments of high volatility or sharp drawdowns in BTC.
Well, we are there right now.
It is clear that the blue signal indicates the current bottom price… pic.twitter.com/cWx2YGxd3t— Joanne Wedson (@joao_wedson) October 18, 2025
Arthur Hayes, former CEO of BitMEX, echoed similar sentiments, saying, “We’re exactly where we are now,” calling the structure one of the most attractive in recent years. The message from both analysts is clear. It means, “Please look carefully at this moment.”
Bitcoin seen in deep value zone
Other market watchers have noted that Bitcoin is trading two standard deviations below its ideal range. This type of reading has coincided with an accumulation phase in the market rather than a ceiling in the past.
At the time of writing, BTC was trading around $107,400, up 0.45% over the past 24 hours, based on data from CoinMarketCap. With a year-to-date gain of 15%, Bitcoin is up nearly 55% in the last year.
These figures were cited to show that although the currency has already moved significantly this year, some indicators still suggest lower-than-usual levels.
Institutional change may be underway
Wesson specifically urged institutional investors who have been hoarding gold to reconsider their allocations. The BTC/Gold ratio has long been used as a measure of reliability between two stores of value.
Once the bottom is reached, several market cycles follow in which Bitcoin quickly recovers ground and heads to new highs, sometimes within months. This is the historical pattern that his signals are tied to.
Some of the language used by analysts was blunt. This oscillator has been described as “basically screaming it’s time to sell gold and buy Bitcoin,” a phrase that emphasizes how strong the signal appears to those who call the oscillator.
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Retail losses reach billions of dollars
While the ratio story points to upside, other disclosures present other risks for retail investors. According to a report by 10X Research, retail buyers flocked to Bitcoin-listed treasury companies that were trading at a premium, resulting in losses of about $17 billion.
These companies, including MicroStrategy (now Strategy) and Metaplanet, issued stock and used the cash to buy Bitcoin, but the equity premium collapsed as Bitcoin’s stock price slumped.
The report added that investors overpaid about $20 billion in inflated stock premiums, and many companies suffered losses, while insiders and executives benefited early on.
Featured image from Unsplash, chart from TradingView
