The Bitcoin to silver exchange rate has dropped to around 780, approaching the bottom range level of Bitcoin in November 2022

Currently, the exchange rate of Bitcoin to silver is approximately 780. This level is already below the peak of 20,000 reached by Bitcoin in 2017, and it is close to the level in November 2022, when the ratio dropped to about 700, with Bitcoin also bottoming around 15,500.

The convergence of this ratio again suggests that silver may be entering a more vulnerable phase relative to Bitcoin. Historically, the peak phases of silver often occur at the beginning of each year, mostly in the first half of the year. This historical pattern poses a potential risk signal for the current price trend of silver. If history repeats itself, silver may have already reached the high point of this cycle, and it is even possible that it has already peaked.