I asked a question here that was receiving views and votes from the hot list and then it stopped. Marked as off topic although 12 people up voted it but it only took 5 to close it. I'm not complaining I just want to know if getting put on hold kicks you out of the hot list?
Closed questions are excluded from the hot network questions list. This means that, yes, if a hot question gets put on hold, it will be removed from the list.