1, investors are different in nature: hot money is held by large institutions or wealthy individuals for large-scale financial transactions, while retail concentration camps are composed of many retail investors, who usually do not have enough funds and resources for large-scale transactions.

2. Different investment purposes: the main purpose of hot money is to obtain high profits through rapid large-scale transactions, while the purpose of retail concentration camps is more to reduce transaction costs, increase investment opportunities and achieve a win-win situation through collective action.