Only the US market is buying Bitcoin while the international ‘smart money’ keeps taking profit
Bitcoin's recent price action shows US market buying via spot ETFs contrasting with international 'smart money' profit-taking during Asian sessions.Summary
Following geopolitical shocks, Bitcoin exhibits a pattern of weekend drops followed by weekday repricing, increasingly dominated by US market activity due to spot ETFs and CME basis trading. While weekends see sharp, news-driven moves in thin liquidity, the trend is now set during US hours when ETF inflows anchor demand. Historically, Asian (APAC) hours were the accumulation window, but this has reversed; recent data suggests US hours drive upside, while Asia hours coincide with selling pressure, indicating international 'smart money' is taking profits while US demand sustains prices. This dynamic is influenced by the US ETF flow structure, and may evolve further when CME launches 24/7 crypto derivatives trading in late May, potentially softening the sharp weekend/weekday divergence.
(Source：CryptoSlate)