Analysis: Low Altcoin Speculation Index May Signal Bitcoin Rally

IconCryptoNewsTerminal Staff11 Jul, 2024

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Analysis: Low Altcoin Speculation Index May Signal Bitcoin Rally

Coindesk recently reported that the Crypto Speculation Index from Capriole Investments has dropped below 10%. This index tracks the percentage of altcoins that have outperformed Bitcoin (BTC) over the past 90 days. In January, this index hit a high of 60%, but it has since plummeted to 7%. Coindesk observed that when the speculation index falls below 10%, it often precedes a Bitcoin (BTC) rally. Three previous instances of this occurring were in the first half of 2019, the second half of 2020, and the second half of 2023. Each of these periods of low speculation was followed by a Bitcoin (BTC) rally.

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