According to glassnode, Bitcoin's Hot Capital—the combined value of coins moved within the last 24 hours and those aged 1 day to 1 week—reached $39.1 billion on April 28, the highest level since February 10, 2025 (source: glassnode, April 29, 2025). This surge highlights a significant increase in short-term holder activity, signaling a notable influx of speculative capital into the Bitcoin market. Traders should closely monitor this trend, as elevated Hot Capital often correlates with increased volatility and potential price swings, providing both risk and opportunity for active trading strategies. Tracking this metric can help inform timing of entries and exits amid shifting market sentiment.