**Momentum Short-term Cap Indicates Potential Market Upswing**

Momentum Short-term Cap, an experimental metric developed by BinhDang, provides critical insights into the short-term market dynamics of cryptocurrencies. This ratio, calculated by the difference between Market Cap and Realized Cap divided by the total Realized Cap of short-term cohorts, effectively highlights the degree of change in an asset's value over short periods.

Currently, the ratio has returned to the WARM phase, indicating a moderate level of market activity. Despite less favorable psychological impacts and slow macroeconomic changes, the market shows potential for a significant upswing. Once macro conditions stabilize or improve, momentum is expected to rapidly reach the hot threshold, potentially marking the cycle's peak.