$BTC #ArizonaBTCReserve
The circulating supply of Bitcoin approaches 40 billion dollars as new investors enter the market with BTC at 95,000 dollars.
Bitcoin experiences an "increase in capital rotation" due to the interest of speculators in BTC price highs in several months, according to a new analysis.
Key points:
▪️The most recently moved supply segment of Bitcoin is increasing as higher prices see an influx of "speculative capital."
▪️The "hot supply" has doubled in just five weeks compared to local lows in March.
▪️The number of active addresses still does not mimic a classic recovery of the bull market.
Short-term holders (STHs) of Bitcoin
BTC83,653 € are back in the game as "speculative capital" enters the market.
In a thread on X on April 29, the on-chain analysis firm Glassnode reported an increase in the so-called "hot capital" of Bitcoin.
Bitcoin sees an "increase in capital rotation."
New investors are entering the market as the price action of BTC remains at its highest levels in several months.
Glassnode reveals that the sum of coins that were last moved up to a week ago has reached its highest figure since early February.
"This metric captures the activity of short-term holders and is an indicator of the speculative capital entering the market," it explains.
In the last week, hot capital has increased by over 90% to approach 40 billion dollars. Since the local lows at the end of March, hot capital has grown by 21.5 billion dollars, an "increase in capital rotation" that underscores a radical shift in market sentiment.
"The hot capital of BTC bottomed at 17.5 billion dollars on March 23, its lowest level since December," summarizes Glassnode.
