Recent data highlights the dynamic interplay between Asian trading activity and U.S. institutional investors in shaping Bitcoin’s price trajectory. While Asian traders often spark short-term swings with their early momentum in cryptocurrency markets, a crucial question remains: Can these initial bursts of activity translate into sustained upward movement? 2023 has shown us that it may very well come down to the actions and decisions of U.S. institutions like Coinbase Prime. These large investors’ actions are increasingly influencing Bitcoin’s direction, as evidenced by their outflows from Coinbase Prime, signaling a shift towards accumulating Bitcoin. This is reflected in data that shows strong demand for US-based ETFs, which have been a key driver in sustained Bitcoin purchasing power.