Crypto Speculation Index Slide Suggests Bitcoin Bull Market Reset

Crypto Speculation Index Slide Suggests Bitcoin Bull Market Reset


Key gauge shows that the speculative forth prevalent during the first quarter has dissipated. Speculative washouts mean a healthier market and a potential for a renewed uptick in bitcoin.

Bull markets are observed to stall during periods of excessive optimism, only to resume after the speculative froth has been cleared.

Capriole Investment’s crypto speculation index shows that the speculative excesses prevalent during the first quarter have dissipated, indicating a potential for a renewed bullish price action in bitcoin (BTC), the leading cryptocurrency by market value.

The speculation index, which measures the percentage of alternative cryptocurrencies (altcoins) with 90-day returns greater

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