Gold-Backed Tokens XAUT and PAXG Now Match BTC's 90-Day Drawdown — Safe Haven Parity Signal
XAUT and PAXG are both -14.3% from their 90-day highs as of April 20, almost exactly matching BTC's -14.1% drawdown from its own 90-day high — but gold tokens held their value through the January–March crypto sell-off while BTC did not, meaning they captured the same upside with less interim volatility. This convergence of drawdown levels is a new cross-asset signal not previously observed in this cycle.
Supporting 5 queries
To surface this insight, Baselight ran 5 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
XAUT Apr 20 close: $4,802.48; XAUT 90-day high: $5,522; XAUT pct from 90d high: −14.3%; PAXG Apr 20 close: $4,807.93; PAXG 90-day high: $5,536; PAXG pct from 90d high: −14.3%; BTC 90-day high: $88,347; BTC pct from 90d high: −14.1%; XAUT 30-day return: +7.03%; PAXG 30-day return: +6.79%.