$BTC Bitcoin has regained its luster in financial markets with a record influx of speculative capital, as a report from the blockchain analytics firm "Glassnode" revealed a significant increase in what is known as the "hot supply"—the currencies that were moved in the past week—reaching its highest levels since February.
According to the report, the volume of this supply jumped from $17.5 billion on March 23 to nearly $39 billion currently, representing an increase of over $21.5 billion in just five weeks, in one of the fastest shifts from stagnation to speculation in market history.
The report clarified that this increase reflects a "notable acceleration in capital turnover," as short-term investors (STHs) return to activity benefiting from the rising price of Bitcoin approaching the $95,000 threshold.
Despite this momentum, "Glassnode" confirms that macro market indicators have not yet shown the full recovery typically associated with the beginnings of bull markets, as the number of active addresses daily remains low compared to previous upward periods, indicating that "organic" network participation is still in the process of formation.
The report added that indicators such as the "supply in profit ratio," which reached 86%, and the "net unrealized profit and loss" (NUPL) at 0.53, are showing steady growth, amid early signs of a rising phenomenon of "fear of missing out" (FOMO).
