Altcoins Turn Bullish: Liquidity, Gold, and CNH/USD Point to Major Rally Ahead

Crypto analyst Michaël van de Poppe shared an in-depth breakdown of why he believes a major shift is underway. Here’s a comprehensive summary of his insights.

A Horrific Bear Market Finally Nears Its End

Van de Poppe highlights that the past quarter has been devastating for altcoins, with expectations crushed across the board. After extensive analysis, indicators now suggest that a bullish reversal could be underway. He encourages followers to watch his full video breakdown for a deeper understanding.

Three Macro Factors Fueling the Market Rebound

According to van de Poppe, the forces moving the markets are largely outside the crypto sector, and they revolve around three major developments:

1. Liquidity Is Increasing — Bitcoin Set to Rise

Liquidity plays a critical role in Bitcoin’s price action. As M2 money supply grows, so does Bitcoin’s value, thanks to its inherent scarcity. Although underlying macroeconomic and geopolitical factors complicate the situation, the core principle remains: more liquidity, higher Bitcoin prices.

The global response to economic challenges has led to stimulative actions:

China initiated Quantitative Easing (QE). Europe and the U.S. have cut interest rates and expanded money supply (“printer brrr” again). These measures heavily favor risk-on assets, and Bitcoin could soon push toward a new all-time high.

2. Gold Peaking in the Short-Term — Risk-On Assets Could Thrive

Van de Poppe notes that gold, a traditional safe-haven asset, seems to be peaking. Historically, when gold tops out, investors often rotate toward riskier assets like stocks and cryptocurrencies.

Key observations:

Gold has massively outperformed the S&P 500 by 20% since 2022. Current RSI data for gold shows conditions not seen since 1980. Meanwhile, Ethereum (ETH) has hit record lows against Bitcoin. This pattern suggests a 12–18 month window favoring risk-on assets like altcoins as the cycle pivots.

3. CNH/USD and ETH/BTC Correlation as an Altcoin Trigger

One of the most critical indicators, according to van de Poppe, is the correlation between the Chinese Renminbi (CNH) versus the USD and ETH/BTC ratio.

Historical data shows:

When CNH/USD bottomed in December 2016, ETH/BTC and altcoins exploded.A similar bottom in summer 2019 sparked a two-year altcoin bull market. Currently, CNH/USD has shown a final deep “wick” amid tariff-induced economic turbulence, potentially signaling a similar reversal.

Altcoin Markets Poised for Recovery

Van de Poppe believes we have just exited the longest altcoin bear market in history — lasting four years, compared to the previous record of 2.5 years ending in 2016.

With macroeconomic conditions shifting — gold potentially correcting, liquidity rising, and the Chinese Renminbi strengthening — the stage appears set for a robust altcoin resurgence.

Final Thoughts: Opportunity Amid Stress

In times of extreme uncertainty and economic stress, the biggest investment opportunities often emerge. Michaël van de Poppe remains optimistic that macroeconomic factors are now aligning for a major move upward in altcoins.

He leaves readers with a final suggestion: bookmark this analysis and revisit it in 6–12 months to see how it all unfolds.

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