Just noticed something interesting about the BTC to silver ratio. It's now trading around 780, which is basically where we saw it back in November 2022 when Bitcoin bottomed near $15,500. Silver's been on an absolute tear this year, up nearly 300%, but here's the thing that caught my eye: looking at historical silver prices, there's a clear pattern where major tops tend to cluster in the first half of the year. February 1974, January 1980 at $47, April 2011 at $50 - most of the big blowoff tops happened early in the calendar. Silver just had a wild swing on Monday, jumping to $117 then pulling back hard to $112. The ratio convergence plus this historical pattern of early-year peaks is starting to feel like a potential warning signal. Could be nothing, but if the pattern holds, we might be closer to a local top than most people think. Definitely watching this space.

BTC0.7%
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