A well-known crypto analyst is urging investors to reconsider the old gold trade Bitcoinwhat current market signals call a rare buying window.
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According to CryptoQuant author Joao Wedson, there are some bottom signals flashing in the BTC/Gold ratio, and that could mark a turning point in how the two assets move against each other.
Rare signals point towards Bitcoin
Wedson’s graph shows two tags – one blue and one green – aligned with a normalized oscillator that he believes is at a low point. According to him, the blue tag marks a low in the BTC/Gold ratio, while the green tag appears when both indicators bottom together.
If that has happened before, it has often happened during times of steep Bitcoin declines and major swings in market sentiment. According to Wedson, today there is a “historic opportunity” and investors should now “trade gold for Bitcoin.”
Historic opportunity: trade gold for Bitcoin. 🟡⮕₿
Bottom signals in the BTC/Gold ratio are extremely rare and usually appear during moments of high volatility and sharp declines in BTC.
Well, that’s exactly where we are now.
The blue signal marks the current bottom, revealing… pic.twitter.com/cWx2YGxd3t— Joao Wedson (@joao_wedson) October 18, 2025
Arthur Hayes, the former CEO of BitMEX, echoed a similar view: “We’re right there now,” he said, calling the setup one of the most compelling in recent years. The message from both analysts is clear: look carefully at this moment.
Bitcoin seen in a deep value zone
Other market watchers find Bitcoin trading two standard deviations below the ideal range. These types of measurements have historically dealt with accumulation phases and not market tops.
Based on CoinMarketCap data, BTC was trading near $107,400 at the time of writing and was up 0.45% in the past 24 hours. Year-to-date gains were 15% and Bitcoin had gained almost 55% over the past year.
These figures were cited to show that the currency has already seen a lot of movement this year, but some measures are still pointing to cheaper than usual levels.
Institutional shifts may be afoot
Wedson specifically urged institutional players to buy up gold reconsider allocations. The BTC/Gold ratio has long been used as a measure of trust between the two stores of value.
When the price bottomed out, several market cycles followed, with Bitcoin quickly regaining ground and in some cases hitting new highs within months. This is the historical pattern his signal is associated with.
Some of the language used by analysts was blunt; the oscillator was described as “basically screaming: time to sell gold and buy Bitcoin,” a phrase that underlines how strong the signal appears to those who call it.
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Retail losses are in the billions
While the ratio story points upwards, a separate disclosure shows that there is a different risk for ordinary investors. Reports from 10X Research say private buyers lost about $17 billion after piling into public Bitcoin treasury companies trading at premiums.
These companies – including MicroStrategy (now Strategy) and Metaplanet – issued shares and used the money to buy Bitcoin, but stock premiums collapsed as Bitcoin’s run slowed.
The report added that investors overpaid about $20 billion in equity premiums, causing many to suffer losses, while insiders and executives were more likely to benefit.
Featured image from Unsplash, chart from TradingView