On April 29, according to Cointelegraph, Bitcoin short-term holders (STHs) are returning to the market, signaling the entry of "speculative capital". Glassnode stated that Bitcoin "hot capital" has surged. As BTC price hovers near multi-month highs, new investors are entering the market. Glassnode noted 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.
