The "speculation bubble" is churning, a new wave of rise is coming to Bitcoin! 🚀 Showing that the speculative excesses of the first quarter have dissipated, Capriole Investment's crypto speculation index suggests there is potential for a renewed bullish price action in Bitcoin.

The speculation index, with 90% of altcoins having higher 90-day returns than Bitcoin, has stabilized below 10%. This is down significantly from a high of 60% in January. Bitcoin reached new record highs above $70,000 in the first quarter and has since fallen to $58,000.

Speculative disruptions serve as corrective mechanisms that help realign asset prices with fundamental values ​​and mitigate excessive speculation. This sets the stage for a healthier environment in the long run.

This has also been the case in the crypto market. Since 2019, a speculation index below 10% has coincided with the onset of sharp Bitcoin rallies, as observed in the first half of 2019, late 2020 and the second half of 2023.

So what do you think? Will Bitcoin rise or will altcoins come to the fore? We are waiting your comments! 😄👇#DeFi#Web3