Capriole Investments: Excessive speculative sentiment in Quarter 1 has dissipated

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.