TechFlow news, October 28 — According to CoinDesk, the copper-to-gold ratio, a key indicator of market risk, has fallen to its lowest level since the end of 2020, with a year-to-date decline of 15%, marking the largest drop since 2018. As a crucial barometer of global economic health and investor risk appetite, its sustained downturn has drawn market attention.
Data shows that even after China unveiled a new round of economic stimulus measures, the copper-to-gold ratio still dropped by 10%. Market analysis notes that copper, an industrial metal, typically performs strongly during periods of global economic expansion and has historically responded positively to Chinese stimulus policies, while gold, a safe-haven asset, tends to gain favor amid rising economic uncertainty.
Historically, major Bitcoin bull runs in 2013, 2016–2017, and 2020–2021 coincided with rising copper-to-gold ratios. Although Bitcoin remains around $67,800 and is up 60% year-to-date, the持续 weakening copper-to-gold ratio may constrain market expectations for Bitcoin to突破 the $100,000 mark.
