According to Odaily, data tracked by TradingView and MacroMicro reveals that the copper-to-gold ratio, which represents the market price per pound of copper divided by the market price per ounce of gold, has dropped by over 8% this month. This decline marks the lowest level since November 2020. The ratio reflects investor preferences for risk and growth-sensitive assets like tech stocks and Bitcoin over safe-haven assets such as gold and U.S. Treasury bonds. MacroMicro explains in their chart analysis that as the global economy expands, the copper-to-gold ratio rises, and stock markets tend to increase. Conversely, when economic uncertainty grows, the demand for gold as a hedge increases, causing the ratio to fall. In summary, if this indicator's decline is taken as a reference, Bitcoin may experience downward volatility.