As of April 28, Bitcoin’s speculative “hot capital” reached 39.1 billion USD, marking a 92% rise from the previous week. This growth signals increased interest among traders.
The increase followed a low of 17.5 billion USD on March 23, indicating a shift from long-term holding to active trading and speculation among participants.
While hot capital often precedes a rally for Bitcoin, it may also lead to quick corrections if profit-taking occurs, raising questions about sustainability of this trend.
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