Nhà phân tích: Sự suy giảm đột ngột của tỷ lệ đồng và vàng đặt dấu hỏi cho dự đoán BTC vượt qua mốc 100.000 USD vào cuối năm

The BlockBeats news on October 28th, CoinDesk market analyst Omkar Godbole stated that BTC has increased by 60% since the beginning of the year, however, most of the increase occurred in the first quarter, and since then it has failed to establish new support above $70,000. This failure to establish support is attributed to multiple factors, including concerns about supply surplus caused by the compensation of the now-defunct Mt. Gox exchange. Interestingly, the ratio of copper to gold has been declining since May, sending a signal to avoid risks. This downward trend accelerated in July, indicating a brief risk aversion in the financial market at the beginning of August, during which BTC dropped from $65,000 to $50,000. In addition, BTC’s best years - 2013, 2016-17, and 2020-21 - were accompanied by an upward trend in the copper-to-gold ratio. If we look at the past as a reference, the sharp decline in the copper-to-gold ratio raises doubts about the optimistic expectation of BTC reaching $100,000 by the end of the year. Note from BlockBeats: The copper-to-gold ratio is the ratio between the price of copper and the price of gold, used to observe economic cycles and market risk preferences.