Analysis: As Bitcoin prices rise, 'speculative funds' are entering the market

On April 29th, according to Cointelegraph, short-term holders of Bitcoin (STHs) are returning to the market, marking the entry of speculative capital. Glassnode indicates a surge in Bitcoin's "hot capital". As BTC prices hover at months high, new investors are entering the market. Glassnode pointed out that the number of Bitcoin transfers in the past week has reached its highest level since early February. This indicator reflects the activity of short-term holders and is 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 $40 billion. Since the local low point at the end of March, "hot capital" has cumulatively increased by $21.5 billion, highlighting the change in market sentiment due to the surge in capital turnover.