Asia buyers hold up BTC in April as the US and Europe continue selling

What's new?

The Asia session has resulted in positive price attribution, in stark contrast to the US and Europe.

Why is this relevant?

Asia is the leader in global crypto trading volumes so their buying activity signals ‘hope’ that an imminent bottom may be in.

What does the data tell us?

On-chain data shows the cohort distributed in December throughout May, with a reversal in April.
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We conclude Asia continues to buy Bitcoin at current price levels, in direct contrast to the US and Europe, who continue to sell during the month of April.

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