#Gold at Extreme Liquidity Premium While #Bitcoin Trades at Deep Liquidity Discount - A Rare Relative Value Setup
Gold’s global liquidity oscillator is pushing toward +2σ, signaling historical overextension versus macro liquidity conditions. This level has rarely sustained for long without consolidation or pullback.
Bitcoin’s liquidity oscillator is pressing into -2σ territory, reflecting extreme undervaluation relative to the same backdrop. Such compression often precedes aggressive upside repricing phases.
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, fast, and structurally trend-defining for capital rotation.