After looking at the latest BTC returns data by time zone, I was completely shocked—basically, it's only Americans left stubbornly holding on in this market, while Europe and Asia have already stopped playing.

The numbers are clear: during the US trading session (blue curve), they managed to pull Bitcoin returns from negative territory up to over 4%, as if injecting life into the market every night. But look at Europe and the Asia-Pacific sessions (purple and yellow curves)? They've totally given up. The Asia-Pacific market, in particular, is dumping like crazy, pushing returns below -6%, seriously dragging down the global market.

What does this regional divergence mean? Global capital flows are severely out of sync, with the US market fighting a lonely battle.

To put it another way: it's like the anchor runner in a relay race suddenly realizing that not only did the previous two teammates not finish their laps, but they also strapped weights to his feet. The US is now dragging two burdens and running hard, but how long can this situation last?

Risk Warning

Don’t count on a single market to hold up forever. History shows that these one-sided standoffs usually end with long-side liquidity drying up and a sudden, violent crash. Once the ETF inflows in the US can't withstand the pressure, the next wave of selling could come from the big players offloading real, substantial positions.

Hopefully, you'll be able to exit your positions safely before the global market regains sync—don’t end up as the last bag holder on duty.

(This article is for reference only and does not constitute investment advice.)