Why Altcoin Season May be Called by Copper, Not by Altcoins

3 weeks ago 14

Rommie Analytics

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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