According to ChainCatcher, Bloomberg commodity strategist Mike McGlone posted an analysis on X platform, suggesting that the Bitcoin/gold ratio might lead a market downward trend. He pointed out that the current near-unprecedented premium level of US stocks shows signs of topping out and may return to normal levels, with the gold and Bitcoin equivalent ounce ratio serving as an important reference indicator.
McGlone emphasized that the S&P 500 total return index has only declined twice since 2008, and such situations often put pressure on the cryptocurrency market. His model indicates that risk assets may reach a phased low point in 2025.
