Published 12 May 2026, 20:22 UTC · fetched 14 Oct 2026, 10:57 UTC
Michaël van de Poppe
@CryptoMichNL
This is the biggest signal that we're in for strength on the #Crypto & #Altcoin markets. It has nothing to do with crypto, but it tells a strong story on the appetite of investors in the markets. It's the Copper vs. Gold ratio. We've seen Gold go vertical over the course of the last quarter of 2025. Now, finally, we start to see Copper move upwards vs. Gold, after a bear market of approximately five years. The exact same length as most of the #Altcoins have witnessed their bear market vs. Bitcoin. The chart shows the correlation between ETH/BTC vs. Copper/Gold. It's almost identical. Sure, the chart can move around for a few weeks later/earlier on either of the two, but it's clear that the momentum will shift into the pendulum of crypto the moment that copper starts to break to the upside. It also resonates with the fact that the altcoin markets have seen the strongest bear market ever. Given that Copper is finally breaking out upwards, the entire business cycle and risk appetite is shifting in favor of risk-on assets and that would be great for altcoins. I don't think we'll see a heavy correction soon, I'd rather be positioned for more upside to come in the coming 1-2 months.View original on X ↗
Deterministic: the same prices and policy always give the same result
r = 1670.67 / 2284.84 − 1 = -26.9%d × r = -26.9% (neutral only if the price is unchanged) → incorrectOnly the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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