Copper at $6.62 and a turning copper/gold ratio: analysts weigh altcoin timing

On May 12, Ash Crypto highlighted copper's May intramonth high of $6.62 and a close at $6.54, arguing past cycles saw altcoins react with a lag while the "Others" altcoin market cap stayed near $200 billion. Michaël van de Poppe instead focuses on the copper/gold ratio, saying its early-2026 turn after a roughly five-year downtrend tracks ETH/BTC closely. Both readings suggest altcoins have not yet responded, but they differ on whether nominal copper strength or the ratio-based risk signal is the cleaner trigger.