U.S. Traders Rebound as Bitcoin Purchasers, While Asia Continues to Sell

U.S. Trading Hours Shift: U.S. trading hours have transitioned to net buying for Bitcoin, with cumulative returns now positive for the week, while Asian sessions continue to dominate selling, resulting in negative returns for that region.

Crypto Sentiment Decline: The Crypto Fear and Greed Index has dropped to an extreme fear level of 20, reflecting a significant decrease in risk appetite among traders, despite Bitcoin's price fluctuations.

Key Support and Resistance Levels: On-chain data indicates that $84,570 is a crucial support level for Bitcoin, while $112,340 serves as a significant resistance point, highlighting areas of concentrated supply and demand.

Market Dynamics: The contrasting trading behaviors across regions suggest that while U.S. traders are providing net demand, European and Asian markets are still struggling, with Europe showing some recovery but remaining below previous levels.