"Bitcoin, Short-term Investor Activity Begins"

Son Min

Summary

Glassnode announced that the Bitcoin Hot Capital indicator reached $39.1 billion, the highest since February.
It explained that with the surge in short-term investor activity, speculative capital inflow is happening rapidly.
Currently, Bitcoin is trading at $94,949, up 0.39% based on the Binance USDT market.

An analysis has emerged indicating that short-term investors' Bitcoin (BTC) trading activity has begun.

On the 29th (local time), Glassnode stated on X (formerly Twitter), "The 'Bitcoin Hot Capital' indicator reached $39.1 billion as of the previous day, the highest since February 10 (local time)," indicating "the start of short-term investors' activity." Hot Capital is an indicator that sums up the amount of assets moved by short-term holders within 1 day to 1 week, representing the scale of speculative capital inflow.

Furthermore, it pointed out that short-term investor activity has surged. Glassnode noted, "On March 23 (local time), Bitcoin Hot Capital recorded $17.5 billion, marking the lowest since December last year," and "in just 5 weeks, it surged by more than $21.5 billion." It continued, "Based on last week ($20.7 billion), it is a whopping 92% increase," explaining that "the speculative sentiment of short-term investors is rising very quickly."

As of 7:30 PM, Bitcoin is trading at $94,949, up 0.39% compared to 24 hours ago, based on the Binance USDT market.

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