with the rise of Bitcoin, short-term holders (STHs) are returning to the market, marking the entry of speculative capital. Glassnode indicates a surge in hot capital for Bitcoin. With BTC price hovering at multi-month highs, new investors are entering the market. Glassnode points out that the amount of Bitcoin transferred in the past week has reached the highest level since early February. This indicator reflects the activity of short-term holders and is a reference for measuring the entry of speculative capital into the market.

In just the past week, hot capital has grown by over 90%, approaching $40 billion. Since the local low point at the end of March, hot capital has accumulated an increase of $21.5 billion, highlighting a significant increase in market sentiment.