coin-img-ETHETH+0.72%coin-img-BTCBTC-0.07%coin-img-SOLSOL+2.00%coin-img-XRPXRP-1.42%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-2.49%coin-img-UCNUCN-23.34%coin-img-ADAADA-0.38%coin-img-ETHETH+0.72%coin-img-BTCBTC-0.07%coin-img-SOLSOL+2.00%coin-img-XRPXRP-1.42%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-2.49%coin-img-UCNUCN-23.34%coin-img-ADAADA-0.38%coin-img-ETHETH+0.72%coin-img-BTCBTC-0.07%coin-img-SOLSOL+2.00%coin-img-XRPXRP-1.42%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-2.49%coin-img-UCNUCN-23.34%coin-img-ADAADA-0.38%coin-img-ETHETH+0.72%coin-img-BTCBTC-0.07%coin-img-SOLSOL+2.00%coin-img-XRPXRP-1.42%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-2.49%coin-img-UCNUCN-23.34%coin-img-ADAADA-0.38%

On-Chain Analyst Says Asian Capital Now Has Stronger Influence on Bitcoin Price Than US Flows

On-chain data analyst Murphy said on Jan. 11 that the on-chain sentiment indicator RMMPC shows Asian market capital is currently exerting greater influence on BTC price, with strong participation beginning after Dec. 19, 2024 and helping drive a rebound following Bitcoin's second retest of $85,000, BlockBeats reports. Murphy noted US market capital has not yet entered aggressively, partly due to the Christmas and New Year holidays, which he believes has limited the strength of the rebound. The analyst added that before the market move in March 2024, Asian flows entered first and US capital followed, providing strong momentum and decisively shifting the market direction.
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