Key Takeaways
- Copper hit ATH $6.62, +8.60% in May.
- Altcoin market cap flat at $200 billion.
- Copper/gold ratio just turned after five years.
- ETH/BTC and copper/gold track near-identically.
- Ratio recovery, not price alone, is the cleaner signal.
The nominal signal and its hidden qualifier
Analysts Ash Crypto posted a two-panel chart on May 12 showing copper on a monthly timeframe above the altcoin market cap excluding the top 10. The copper ...


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