Bitcoin ‘hot supply’ nears $40B as new investors flood in at $95K. Bitcoin’s hot supply segment is on the rise as higher prices attract speculative capital. The active address numbers have yet to reflect a classic bull market recovery. Short-term holders are re-entering the market as speculative capital pours in. Glassnode reported a surge in Bitcoin’s “hot capital” in a recent thread on April 29. New investors are joining the market as BTC prices approach recent highs. The sum of coins moved within the last week has hit its highest point since February, indicating increased speculative activity. The hot capital has grown by over 90% in the past week, nearing $40 billion. Since late March, there has been a $21.5 billion increase in hot capital, signaling a significant change in market sentiment. Glassnode notes a rapid shift from dormancy to speculation among new market participants. While STH investors are seeing profits with the price around $95,000, Glassnode suggests that a full bull market recovery has not yet occurred. Signs of early FOMO are present, but daily active addresses remain low, indicating a slow rebuild of organic network engagement. Concerns about potential FOMO risks in a sustained price recovery have been raised. Axel Adler Jr.’s analysis on April 29 from CryptoQuant also points to increasing investor interest in Bitcoin. This article emphasizes the importance of conducting personal research before making any investment decisions.