Bitcoin's price relative to gold has reached a historic low, suggesting a potential bottoming-out phase for the cryptocurrency. This indicator has historically appeared near Bitcoin's market bottoms, highlighting its current weakness compared to gold. Some analysts view this as a potential buying opportunity, reminiscent of conditions before the 2015-2017 bull market. Market analysts note that long-term holders are absorbing recent selling pressure, and there is speculation about a possible shift of funds from gold back to Bitcoin starting in February. However, this potential rotation depends on changes in the macroeconomic environment and market risk appetite, with some cautioning that it is not guaranteed.