Capriole Investments: Excessive speculative sentiment in Quarter 1 has dissipated
2024-07-11 11:15:07
On July 11, the cryptocurrency speculative index of digital asset hedge fund Capriole Investment showed that the speculative excesses prevalent in Quarter 1 have dissipated, indicating that bitcoin is likely to see a bullish price move again. The speculative index, which measures the percentage of counterfeit products with a 90-day return higher than bitcoin, has stabilized below 10%, a sharp drop from its high of nearly 60% in January.
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