This question is really good. In fact, there is already clear evidence for $BTC that as long as there is sufficient on-site liquidity, it will drive up the price. This is due to two reasons when liquidity is lacking:

1. Searching for the most promising targets. It can be seen that during times of insufficient liquidity, the ETF is an event that brings in a large amount of off-site funds. This is also why I say that as long as there is no recession, $70,000+ is the bottom, because this price is backed by a real purchase of 1.2 million Bitcoins.

2. Event-driven price increases, the most representative of which is the U.S. election. Everyone is anticipating Trump's Bitcoin strategic reserve, but this time, unlike the ETF, it did not bring in direct buying funds; it completely relies on emotional momentum. Therefore, it is relatively easy to fall back to support levels.

This is the relationship between BTC and liquidity, even for the "Seven Sisters," as they rely on what can be said to be the largest liquidity in the market. Even when liquidity is poor, there is still a large concentration of funds in this part of the asset due to better expectations.

But speaking of outside the U.S., I only need to show one chart. Open TradingView, find the BTC trading pairs #Binance, #OKX, or #Coinbase, and switch to the hourly chart. You will find that even across different exchanges, all the peaks in trading volume are almost during the working days from 10 PM to 4 AM.

This is the main trading time zone for the U.S., which indicates that the trading volume and capital are the largest during this time zone.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。