Bitcoin speculative appetite declines as investors seek safety
Global trade tensions and fluctuating market dynamics are making investors reconsider their crypto strategies, market analysts told Cointelegraph.
Speculative appetite is vanishing from the crypto markets, as investors are looking for safer digital asset investments following the recent wave of memecoin scams and macroeconomic uncertainty.
Bitcoin’s hot supply metric, which measures the Bitcoin (BTC) aged one week or less, is down over 50%, from 5.9% at the end of November to just 2.3% on March 20, Glassnode data shows.
The metric’s decline signals an investor shift to safer investment positioning amid the recent market volatility, according to Ryan Lee, chief analyst at Bitget Research.
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Author: Zoltan Vardai
