The liquidity tug-of-war between Asia and the United States may trigger the next round of Bitcoin rise

Bitcoin’s price is increasingly affected by demand from US institutions and Asian retail trading, replacing the traditional whale-driven trend. When the Coinbase premium index is positive, it indicates strong buying in the U.S. market, while Binance Traffic and South Korea premium index reflect sentiment in the Asian market. Synchronized positive data may trigger an uptrend, but divergence will cause fluctuations. Short-term coin holders earn 60%, but breaking through $114,000 to $116,000 is the key to rising momentum; falling below $104,000 may test $93,000 to $95,000. The market optimism continues, but lacks the level of fanaticism that has appeared in previous bull market cycles.