#Gold at Extreme Liquidity Premium While #Bitcoin Trades at Deep Liquidity Discount - A Rare Relative Value Setup

Gold global liquidity oscillator is pushing toward +2σ, signaling historical overextension versus macro liquidity conditions.

Bitcoin liquidity oscillator is pressing into -2σ territory, reflecting extreme undervaluation relative to the same backdrop.

The BTC/Gold relative liquidity Z-score is now at cycle lows on one side gold is pricing tight liquidity as strength, on the other side $BTC is pricing it as stress. Mean reversion between these two has historically been violent.