According to ChainCatcher, citing Cointelegraph, as Bitcoin rises, short-term holders (STHs) are returning to the market, signaling the entry of "speculative capital". glassnode indicates a surge in Bitcoin "hot capital". As BTC price hovers near multi-month highs, new investors are entering the market.
glassnode points out that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This indicator reflects the activity of short-term holders and serves as a reference for measuring speculative capital entering the market.
In just the past week, "hot capital" has grown by over 90%, approaching $40 billion. Since the local low point in late March, "hot capital" has cumulatively increased by $21.5 billion, and this "surge in capital turnover" highlights the change in market sentiment.
