U.S. traders have resumed net buying of Bitcoin, contrasting with continued selling pressure from Asian markets, according to CoinPaper. Data from Velo indicates that U.S. trading sessions have pushed cumulative returns into positive territory for the week, while Asian sessions remain deeply negative. European trading hours also show negative returns despite a mid-week recovery.
The Asian market has shown the weakest performance, with the APAC line dropping significantly after November 20, maintaining a range between minus 5% and minus 7%. Meanwhile, the Crypto Fear and Greed Index has fallen to 'extreme fear' at 20. On-chain analysis by Glassnode identifies $84,570 as a key support level and $112,340 as the upper resistance for Bitcoin.
U.S. Traders Shift to Net Buying as Asia Sells Off Bitcoin
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