Source: Cointelegraph
Original: “Bitcoin (BTC) 'Hot Supply' Nears $40 Billion as New Investors Flood in at $95,000”

Bitcoin (BTC) short-term holders (STHs) are re-engaging with the market, significantly increasing activity as "speculative capital" enters.

In a discussion on the X platform on April 29, on-chain analytics firm Glassnode reported a surge in what it calls Bitcoin's "hot capital."

As Bitcoin's price approaches its highest level in months, new investors are starting to enter the market.

Glassnode revealed that the total amount of Bitcoin moved within a week reached its highest level since early February.

Glassnode explained, "This metric reflects the activity of short-term holders and serves as a proxy for the entry of speculative capital into the market."

In the past week, hot capital surged over 90%, nearing $40 billion. Since the low point at the end of March, hot capital has increased by $21.5 billion, highlighting a significant change in market sentiment.

Glassnode summarized, "Bitcoin's hot capital fell to $17.5 billion on March 23, marking the lowest level since last December."

Cointelegraph continues to report that short-term holder (STH) investors recently returned to an overall profit state as Bitcoin's price approached $95,000.

Nevertheless, Glassnode pointed out when analyzing overall network participation that a complete bull market recovery has not yet occurred.

"Signs of early FOMO are emerging, with the share of hot capital rising and profit indicators such as the profit supply ratio (86%) and net unrealized profit and loss (NUPL, 0.53) significantly expanding," the company wrote in its latest "Market Pulse" analysis report released on April 28.

Earlier this week, other sources also reported on the risks that "FOMO" may bring, especially during the recovery process of Bitcoin's price.

Related: As the U.S. Core PCE, manufacturing, and employment reports are released this week, Bitcoin (BTC) price may enter a consolidation phase.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。