Why does Asia keep buying Bitcoin while Americans sell?


The price of Bitcoin has fallen recently, revealing a strong trade divergence, with the US sessions leading the selling while Asian traders continue to buy the dip. The data shows that the US sessions have become the weakest period for Bitcoin prices.

This gap highlights different risk appetites and sparks a debate about whether Bitcoin has had a healthy correction or is facing deeper structural problems.

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US Trade Leads Bitcoin Sales, Asia Absorbs Supply

This week’s prices reflect a clear trend: US trading hours show persistent losses, while European sessions see small declines. On the contrary, it remains Asia Pacific Markets Relatively stable and often supports price recovery. The data snapshots confirm the role of the central US trading window in recent market declines.

Cumulative chart of Bitcoin returns per session
Bitcoin’s cumulative returns from the trading session show US weakness. Source: CryptoRover

User X commented Tweet: “Every session in America consists of non-stop selling for hours. Then the Asians wake up and buy again until the Americans wake up. Like a literal clock.” These interactions have become a regular feature of today’s business dynamics.

The divide is due to different perceptions of risk between regions. The US sell-off is likely due to caution over macroeconomic signals, policy changes or liquidity. On the other hand, many see… The Asian traders Declines are seen as buying opportunities, due to confidence in Bitcoin’s prospects or due to diversified investment styles.

Liquidity and market depth also play a role. The US trade carries a high volume, so the broad selling can strongly influence global price movements. When American traders prefer to sell, global prices decrease until it intervenes Asian buyers They restore balance.

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The Coinbase Premium Index, which reflects US institutional sentiment, remained in negative territory for most of November. Source: Coinglass

It is also noted that individual investors generally have a pessimistic tendency, while whales are optimistic and American institutions have the same pessimistic approach. The Coinbase Premium Index, which reflects US institutional sentiment, remained almost in negative territory throughout November.

Institutional actors are changing the traditional cycles of Bitcoin

Cross-chain analyst Ki Young Joo provided a detailed view of the market landscape today. Note that the Bitcoin bull cycle technically ended earlier in 2024 after reaching $100,000. According to the traditional cycle theory, prices could fall towards $56,000 to establish a new cycle low.

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Default institutional absorption creates a price floor because principal holders with strong convictions are unlikely to sell during downturns. Traditional models say that most participants give up in the bear phase, but the company’s strategic funds challenge this assumption.

However, some warn that the concentration creates new risks. If institutions face financial pressure or change their strategies, any major sales could disrupt the market. For now, however, it remains committed to retention and collection Bitcoin.

Experts see a healthy correction in the current bull market

Chris Kuiper, Vice President of Research at Fidelity Digital Assets, sees the recent correction positively. He described the decline as a record adjustment in the market Rising Bigger, not a sign that the cycle is over.

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Kuiper’s analysis is based on signals on the chain, such as the MVRV ratio for short-term holders. These statistics indicate that the current price is proof of the conviction of new buyers, with an echo of a previous correction that preceded further demonstrations. It appears that those who bought recently are facing unrealized losses before the market resets and heads higher.

Bitcoin short-term holder MVRV chart
The MVRV ratio for short-term holders indicates a typical correction in a bull market. Source: Glassnode via Chris Kuiper

The lack of negative events in the headlines supports his interpretation. No significant regulatory actions, stock market failures, or macroeconomic shocks led to the withdrawal of funds. Instead, making a profit and liquidating the debt after Bitcoin reaches $100,000 seems to be the main reason.

Traders are now considering two scenarios. The divide between optimistic Asian buyers and cautious US sellers could be resolved if US sentiment improves or persist if global market structures change further. Broader macroeconomic trends such as government liquidity measures and regulatory changes will likely determine the path the market takes in the coming months.





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