Bitcoin priced in gold keeps doing something absolutely insane. The major BTC bear market lows in gold terms cluster around 14 months from peak to bottom: 2017 peak to 2019 bottom = 13.7 months 2021 peak to 2022 bottom = 14.4 months 2024 peak to 2026 YTD low = 14.2 months 418 days. 437 days. 433 days. That is an absurdly tight pattern for an asset people still call “chaotic.” USD hides part of the structure. Gold exposes it. BTC is not just going through random emotional spasms. In gold terms, the bear market washouts look weirdly rhythmic. That is crazy.