Why Does Asia Keep Buying Bitcoin While Americans Are Selling?

Recent Bitcoin price action reveals a distinct trading pattern where US trading hours consistently lead to sell-offs, while Asian-Pacific markets absorb this supply and support price recoveries. This divergence is attributed to contrasting risk appetites, with US traders showing caution due to macroeconomic signals, while Asian traders view dips as buying opportunities. Liquidity also plays a role, as high-volume US selling impacts global prices until Asian buyers restore balance. Furthermore, institutional players, particularly those reflected in the negative Coinbase Premium Index, appear bearish in the US, contrasting with steady accumulation by other major holders. Analysts like Ki Young Ju suggest that institutional absorption creates a virtual price floor, challenging traditional cycle theories. Experts like Chris Kuiper of Fidelity Digital Assets view the pullback as a standard, healthy correction within a larger bull market, supported by on-chain signals like the short-term holder MVRV ratio, rather than a sign of cycle termination.

(Source：BeInCrypto)