📣Crypto enthusiasts, buckle up! Speculative froth that was prevalent in Q1 has fizzled out, paving the way for a healthier market and a potential uptick in Bitcoin. 🚀

Capriole Investment's crypto speculation index, which gauges altcoins' 90-day returns against Bitcoin, has stabilized below 10%, a significant drop from the January high of nearly 60%. This suggests a potential for renewed bullish price action in Bitcoin.

Altcoins, often seen as speculative instruments, are closely tied to Google Trends, indicating retail investor interest. A decrease in altcoin outperformance relative to Bitcoin is seen as a sign of speculative mania cooling down.

Historically, a below-10% speculation index has coincided with the beginnings of sharp Bitcoin rallies. So, could we be on the brink of another rally? Let's discuss in the comments! 💬 #CryptoNews #BitcoinRally