Interesting observations from the BTC/XAU chart. In early November 2021 BTC/XAU topped at just under 1 BTC = 38 ounces AU. From there it went on a 14 month selloff down to ≈ 1 BTC = 9.25 ounces AU, where it finally bounced from those lows. A drawdown of just over 75% that lasted almost exactly 14 months. In early December 2024 BTC/XAU topped at just over 1 BTC = 40 ounces. Since then it’s been almost exactly 14 months and BTC/XAU wicked down to slightly under 1 BTC = 13 ounces AU yesterday. That’s a drawdown of 68% over almost exactly 14 months. Wonder if yesterday’s BTC/XAU low will hold as the cycle low. Would be pretty spooky if both BTC/XAU drawdowns lasted exactly 14 months.