Bitcoin 'hot supply' nears $40B as new investors flood in at $95K
Bitcoin is enjoying a "surge in capital turnover" as speculators begin to take an interest in the market thanks to multimonth BTC price highs, new analysis says.
Key points:
• Bitcoin’s most recently-moved supply segment is increasing as higher prices see an influx of “speculative capital.”
• “Hot supply” has doubled in just five weeks versus local lows in March.
• Active address numbers have yet to mimic a classic bull market comeback.
short-term holders (STHs) are back in the game as a “speculative capital” enters the market.
In an X thread on April 29, onchain analytics firm Glassnode reported a surge in Bitcoin’s so-called “hot capital.”
