@kensd
Recent CEX inflow data shows Bitcoin spot demand increasingly concentrated in U.S. trading hours, suggesting a pivot from Asian dominance. This shift aligns with ETF adoption, which channels institutional U.S. capital directly into BTC. Asian markets, once the primary liquidity hubs, are facing regulatory tightening and shifting retail appetite toward memecoins. The U.S. now sets the marginal price, giving Wall Street a stronger influence over global BTC trends. While Asia remains key for derivatives and altcoins, the spot market’s gravity is tilting westward. This transition could reduce intraday volatility but increase correlation with U.S. equities.
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