$BTC Sees $21.5B Surge in Hot Supply Amid Rising Short-Term Holder Activity


Bitcoin’s “hot supply”—coins moved within the past week—has surged to nearly $40 billion, doubling from late March lows, according to Glassnode. This marks the highest short-term holder activity since February and signals a sharp influx of speculative capital.


Glassnode attributes the $21.5 billion increase over five weeks to a shift from dormancy to speculation, as $BTC trades near $95,000.


While profitability metrics are rising, the firm notes that overall network activity remains muted. Daily active addresses have yet to recover fully, suggesting that organic engagement is still lagging despite early signs of investor FOMO.

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April 29, 2025 at 6:13 PM
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