If you look at the regional Bitcoin flow chart, you will see a rather interesting picture:
Since the beginning of November, all regions—America, Europe, and Asia—have become net sellers of Bitcoin, whereas before, the spot flow was mainly focused on buying.
In the past week, we have seen a slight repurchase from America and Europe (which corresponds to Bitcoin's V-shaped rebound), while Asia continues to maintain a high selling volume.
In simple terms: Western capital flows have started to stabilize, even showing slight inflows, but Asia still appears more like a seller than a buyer.
