Golden Finance reported that with the recent wave of meme coin fraud and macroeconomic uncertainty, speculative enthusiasm in the crypto market is fading, and investors are turning to safer digital asset investment. According to Glassnode, the Bitcoin “hot supply” metric (measures Bitcoin holding time for a week or less) has dropped by more than 50%, from 5.9% at the end of November to just 2.3% on March 20. Ryan Lee, chief analyst at Bitget Research, said the decline in the indicator indicates investors are turning to a safer investment positioning amid recent market volatility.