The Rise of Bitcoin in Asia: Can BTC Maintain its Momentum as U.S. and EU Struggle?

Bitcoin is experiencing a notable surge, primarily fueled by traders in the Asia-Pacific region. Conversely, trading sessions in the U.S. and Europe are pushing prices down.

Key Takeaways

Bitcoin's recent price increase is largely driven by the Asia-Pacific trading sessions.
The U.S. and European sessions are adversely affecting Bitcoin prices.
Corporate Bitcoin holdings have jumped significantly, now exceeding one million BTC, influencing market behavior.
Limited leverage in terms of trading suggests a cautious approach among speculative investors.

Bitcoin [BTC]

This trend emerged during a time of limited leverage and increased institutional investment. Corporate Bitcoin holdings have surpassed one million BTC, empowering long-term investors to have a greater impact on market dynamics.

Asia’s Role in Bitcoin’s Stability

Bitcoin's performance showcases a stark contrast between different global trading sessions.

The Asia-Pacific trading session has generated approximately 2% in cumulative returns, while the U.S. and European sessions have recorded declines of about -3% and -4%, respectively.

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This trend has been consistent: profits generated during Asian trading hours are quickly erased during Western hours, leaving APAC as the primary region supporting Bitcoin’s price stability.

Examining Leverage in the Market

When analyzing Bitcoin's Open Interest, varying results are observable.

bitcoin

Joao Wedson, CEO of Alphractal, reports that the Aggregate Open Interest in USD has reached record levels for this cycle, surpassing $70 billion at its peak.

However, COIN-denominated Open Interest has not returned to the highs seen in 2022, which hovered around 500,000 BTC. Although the market's dollar value has increased, speculative traders haven’t embraced leverage as aggressively compared to previous cycles.

An analysis of Bybit reveals similar trends. Bitcoin’s value tends to stabilize when Open Interest approaches the 60,000-62,000 BTC range. Currently, the market positioning remains below this threshold, indicating reduced speculation.

Corporate Treasuries Drive Demand

Corporate Bitcoin holdings witnessed a remarkable increase this year, rising from 197,000 BTC in January 2023 to about 1.08 million BTC now—an astounding 448% growth. This growth trajectory continued into late 2024 and 2025.

Most of this increase comes from major publicly traded companies consistently adding Bitcoin to their balance sheets. This growing demand was not witnessed in previous market cycles.

The increasing presence of over 1 million BTC in corporate treasuries significantly alters Bitcoin’s market response, particularly when Western trading hours face weakness.

With a substantial portion of Bitcoin supply effectively taken off the market, the buying power from Asia is bolstered by long-term institutional investors, helping to stabilize prices even during volatile market conditions.

Conclusion

As we move forward, the ongoing dynamics between regional trading behaviors and corporate ownership will play a crucial role in Bitcoin's price movements. Understanding these trends can provide insights into the future of cryptocurrency in a rapidly evolving market landscape.