Crypto analyst Michaël van de Poppe predicts altcoins may soon rally following the longest bear market. He points to global liquidity increases, potential shifts from gold into crypto, and historical correlations between the Yuan and Ethereum’s value as key drivers behind this bullish trend.
Crypto analyst Michaël van de Poppe has thrown his hat in the ring, claiming that altcoins are on the verge of a bull run after what he calls the longest bear market in history. Van de Poppe, who boasts nearly 785,000 followers on the social media platform X, cites three significant factors driving this bullish sentiment for cryptocurrencies.
First on the list is the easing of global financial conditions, which Van de Poppe believes will benefit risk-on assets like Bitcoin (BTC) and altcoins. He points out an increase in liquidity as a catalyst for potential price boosts. He mentions that China has kicked off its quantitative easing while Europe has lowered interest rates, with the US poised to follow suit. This confluence of actions could drive Bitcoin towards a new all-time high.
Next, van de Poppe observes that rising prices in gold may compel some investors to shift their assets into crypto. With gold recently hitting a local peak of around $3,500 per ounce, he sees this as a sign to expect movement towards more volatile investments. He suggests we might be entering a 12- to 18-month phase where risk-on assets should perform well, supported by data that shows how gold’s strong price correlates with rising altcoin values.
Finally, he draws attention to a correlation between the offshore Chinese Yuan and the US dollar ratio (CNH/USD) and Ethereum’s value against Bitcoin (ETH/BTC). Historically, significant bottoms in the CNH/USD have coincided with bullish runs in the altcoin market. Van de Poppe believes that we may have reached a new bottom, following a tumultuous period marked by tariff-related issues, setting the stage for Ethereum and other altcoins to flourish.
He emphasizes that liquidity is essential for Bitcoin’s performance, but also frames the CNH/USD and gold charts as vital indicators for altcoins. The crypto market, he notes, has endured an unusually long four-year bear market, the longest since 2016 when it lasted just 2.5 years.
As macroeconomic conditions shift, van de Poppe anticipates corrections in gold prices, a rise in the Chinese Renminbi, and an energetic resurgence in altcoins. As of the latest data, the ETH/BTC trading pair stands at 0.01894 BTC, equivalent to $1,798.
