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Bitcoin Reaches Historic Oversold Level Versus Gold

Bitcoin has hit its lowest relative value against gold in recorded history, mirroring a prior setup that preceded a significant price move.

Amara Okonkwo· Jul 11, 2026 · 1 min read
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Bitcoin has reached its most oversold level relative to gold in recorded history, according to BeInCrypto's review of on-chain metrics.

The Bitcoin-to-Gold ratio, which measures the relative valuation of these two assets, has declined to unprecedented lows. This technical setup mirrors a prior occurrence in market history, when similar conditions preceded what the outlet describes as "a 660% macro rally" in Bitcoin's price.

BeInCrypto examined what this signal typically indicates for the broader market. The publication notes that the current setup echoes the circumstances of a historical precedent, offering context for how investors and analysts interpret these relative valuation extremes.

The specific mechanics of how the Bitcoin-to-Gold ratio functions and what this oversold condition might portend remain subjects of interpretation within the crypto analysis community. Technical analysts often view such extreme readings as potential inflection points, though historical patterns do not guarantee future outcomes.

For more details on this analysis and the on-chain data supporting these observations, see the full report at BeInCrypto.

*Source: [BeInCrypto](https://beincrypto.com/bitcoin-most-oversold-level-against-gold-history/). Summary by Quantority.*

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How to read this

Funding APRAnnualized, OI-weighted funding. Positive = longs pay shorts (crowded longs).
Percentile 90dWhere current funding sits within the coin's own last 90 days (0–100).
Open interestTotal USD value of outstanding perpetual contracts.
OI change 24h / 7dHow fast leverage is entering (+) or unwinding (−) over the period.
Liquidation skewImbalance of forced closures (−1…1): + = more longs liquidated, − = more shorts.
Leverage risk0–100 composite of funding extremity, OI momentum, liquidations and volatility.

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Amara oversees data integrity at Quantority, making sure every published figure traces back to the underlying market data and that nothing on the site invents a number.

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Every figure here is read directly from Quantority's cross-exchange data. This is descriptive market analysis — a read on positioning, not a forecast, and not financial advice.