According to Michaël van de Poppe (@CryptoMichNL), the ongoing appreciation of the Chinese Renminbi is correlated with sustained upward momentum in Ethereum (ETH), which continues to outperform other cryptocurrencies. He notes that Bitcoin (BTC) is on track to approach a new all-time high within the next 1-2 weeks, highlighting a bullish trend for major cryptocurrencies. Traders should monitor yuan strength as a macro factor influencing crypto inflows and price action, especially as ETH shows relative outperformance (Source: Twitter/@CryptoMichNL, May 13, 2025).

According to Michaël van de Poppe, after Bitcoin begins its upward movement, Ethereum typically outperforms, setting the stage for significant gains in blue-chip tokens within the Ethereum ecosystem (source: Twitter @CryptoMichNL, May 11, 2025). Van de Poppe highlights that Optimism ($OP), one of Ethereum’s leading layer-2 scaling solutions, has the potential to achieve a 5-6X increase from current levels if it returns to its previous all-time high. This trading strategy emphasizes allocating capital into established Ethereum-based projects, which are expected to benefit from the initial phases of the ongoing bull market. Traders should closely monitor the performance of Bitcoin and Ethereum, as these assets often dictate momentum across the broader altcoin market, particularly for high-quality Ethereum ecosystem tokens.

According to Michaël van de Poppe, Bitcoin's breakout above $87,000 indicates a move towards an all-time high (ATH), while altcoins and ETH are outperforming Bitcoin significantly. This trend suggests a shifting macroeconomic environment as gold declines by 3% from its recent peak.