According to ChainCatcher, citing Bloomberg, Bloomberg analyst Mike McGlone stated that the cryptocurrency-to-metal ratio has fallen below a key support level, suggesting that this trend could continue into 2026.
Data shows that the ratio of the Bloomberg Galaxy Crypto Index (BGCI) to the Bloomberg All Metals Total Return Sub-Index (BCOMAMT) has fallen below the previous resistance level of approximately 510, a level that initially formed in 2018 (based on a base of 100 in 2017). This technical breakout could mean that crypto assets will continue to underperform relative to traditional metal markets.
