TechFlow news, according to CoinDesk, Capriole Investment's crypto speculation index shows that the speculative bubble prevalent in the first quarter has subsided, suggesting Bitcoin (BTC) prices may regain strength. The index measures the percentage of altcoins with 90-day returns exceeding Bitcoin and has stabilized below 10%, down from a peak of nearly 60% in January. After hitting a new high above $70,000 in the first quarter, Bitcoin has now pulled back to $58,000.
Data indicates there are currently over 14,800 altcoins, most of which suffer from insufficient liquidity and struggle to demonstrate practical use cases. The fading of speculative bubbles helps markets return to fundamentals, laying the foundation for long-term healthy development. Since 2019, a speculation index below 10% has often coincided with strong Bitcoin rebounds.
