The crypto market is witnessing a significant shift in investor behavior as speculative appetite declines. This trend stems from a wave of recent memecoin scams and broader macroeconomic uncertainty. Bitcoin’s hot supply metric, tracking Bitcoins aged one week or less, has plummeted over 50%. This decline signals a move toward safer investment choices among investors. Ryan Lee, chief analyst at Bitget Research, emphasizes the importance of adapting investment strategies as the landscape continues to evolve. Investors should remain vigilant and informed about market conditions and trends.