According to a report by The Kobeissi Letter on December TechFlow, the ratio of Bitcoin to precious metals has recently declined significantly. The Bitcoin to silver ratio has fallen to 1,104, a new low since September 2023, and has dropped 67% since May, indicating that silver has significantly outperformed Bitcoin.
Meanwhile, the Bitcoin-to-gold ratio fell to 19, the lowest since November 2023, and down 50% since January of this year.
In contrast, at the bear market lows in 2022, these two ratios were 680 and 9, respectively.



