Analysis: With the rise of Bitcoin, "speculative capital" is re-entering the market

BlockBeats News, April 29th, according to Cointelegraph, as Bitcoin rises, Short-Term Holders (STHs) are re-entering the market, signaling the entry of "speculative capital." Glassnode indicated a surge in Bitcoin's "hot capital." With BTC price hovering at multi-month highs, new investors are entering the market. Glassnode noted that the amount of Bitcoin transferred in the past week has reached the highest level since early February. This metric reflects the activity of short-term holders and serves as a reference indicator for measuring the entry of speculative capital into the market.

In just the past week, "hot capital" has grown by over 90%, approaching $400 billion. Since the partial low point at the end of March, "hot capital" has increased by a cumulative $21.5 billion, highlighting this "surge in capital turnover" that underscores the change in market sentiment.