BTC rally bets on US institutional demand and Asia’s retail push

According to a CryptoQuant report, on-chain and exchange data have revealed a new pattern where Asia and the ￰0￱ BTC rallies and how long they ￰1￱ pattern comes from monitoring Coinbase, which represents ￰2￱ and Asian activity on ￰3￱ has been experiencing volatility recently, with significant price movements that have seen its value surpass $111,000. Usually, these price actions are triggered by whales, but analysts now claim things have changed now that institutions have gotten ￰4￱ is influencing BTC’s recent price movements? In the past, whales and ETF flows contributed largely to BTC’s price movements, but in recent months, that has changed, with the price action now determined more by regional ￰5￱ to a CryptoQuant report, on-chain and exchange data have revealed a new pattern that involves Asia sparking the initial move, while the ￰6￱ whether it ￰7￱ analysts monitored activity on two exchanges, Coinbase and Binance, with Coinbase representing ￰8￱ and Binance signaling Asian ￰9￱ from Coinbase Prime is a classic signal of ￰10￱ transferring BTC into custody—long-term ￰11￱ Coinbase Premium Index (CPI), which tracks the price gap between Coinbase (USD) and Binance (USDT), confirms this theory because when it stays positive, ￰12￱ usually leads the momentum.

Also, it has been historically proven that rallies that coincide with a positive CPI tend to ￰13￱ flows are different as they tend to reflect Asian retail and trading activity, with heavy inflows often preceding sell pressure, while outflows suggest ￰14￱ Korea Premium Index (KPI)—famously called the “Kimchi Premium”—is the CPI’s counterpart and captures local ￰15￱ readings (+1% to +3%) show healthy demand, while levels above +5% often mark speculative overheating and short-term ￰16￱ these metrics are overlaid with price, a tug-of-war ￰17￱ such, analysts have observed that when CPI and KPI flash green simultaneously, global demand is synchronized and rallies explode.

However, when ￰18￱ take profits while Asian traders keep buying, the dynamic shifts across time zones, creating volatility and sharp swings. Essentially, this means Asia often lights the fire, but America decides whether it turns into an ￰19￱ a rally to happen in Q4, the Coinbase Premium will have to turn decisively positive while Asia continues to absorb supply. Otherwise, we may be in for more bearish price ￰20￱ BTC demand or non-stop accumulation? Bitcoin currently trades under $112K, and has been consolidating between $104K and $116K with the UTXO Realized Price Distribution (URPD) showing investors accumulated in the $108K–$116K range, filling the air ￰21￱ volatility is on the rise, forcing many to wonder if this is the start of a bear market or just a short-term ￰22￱ to Glassnode, the recent price action highlights constructive dip-buying but does not rule out further contraction.

Short-term Bitcoin holders in profit chart.