Speculative appetite in the Indian crypto market is waning as investors seek safer digital asset investments amidst a wave of memecoin scams and macroeconomic uncertainty. According to Glassnode data, Bitcoin’s hot supply metric has decreased by over 50%, dropping from 5.9% in November to 2.3% in March. This decline indicates a shift towards safer investments amid market volatility, as noted by Ryan Lee, chief analyst at Bitget Research. Global trade tensions and market fluctuations have led investors to reevaluate their strategies, opting for a more cautious approach. The stablecoin supply ratio (SSR) also suggests that investors are hesitant to take on new positions. Despite the cautious stance, Bitcoin has outperformed major global assets since Donald Trump’s election, showing resilience in uncertain times. Analysts predict a positive price trajectory for Bitcoin in 2025, with estimates ranging from $160,000 to over $180,000. The cooling off of speculative appetite in the market is evident, signaling reduced liquidity and market participation, as highlighted by technical analyst Kyledoops. Despite the current lack of risk appetite, analysts remain optimistic about Bitcoin’s future performance. This shift in investor behavior aligns with the sentiment in traditional markets, emphasizing a more rational and secure investment approach in the evolving crypto landscape.