Analysis: As Bitcoin rises, "speculative funds" are returning to the market

ChainCatcher news, according to Cointelegraph, as Bitcoin rises, short-term holders (STHs) are returning to the market, marking the entry of "speculative capital." Glassnode indicates a surge in Bitcoin's "hot capital." With BTC prices hovering at several-month highs, new investors are entering the market.

Glassnode points out that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This metric reflects the activity of short-term holders and serves as 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 at the end of March, "hot capital" has cumulatively increased by $21.5 billion, highlighting a shift in market sentiment.