Bitcoin doesn't have to rise to show relative strength.

The attached chart shows Bitcoin above its late-August starting level, while gold and silver are below theirs. Bitcoin has still retreated from its September highs.

In the source's separate weekly table, Bitcoin is down roughly 1%, gold 4%, and silver 5.6%. Those aren't the chart's endpoint percentages, and the cutoffs differ: metals are dated 23 October; Bitcoin is updated to 24 October, 02:45 EDT.

My interpretation: it's resilience worth examining, not proof of decoupling or money rotating out of metals.

What would distinguish sustained Bitcoin demand from a temporary pause before further selling?

StreetStats' late-August–October comparison shows Bitcoin above its starting level, while gold and silver are below theirs.…