🌏 The Global Liquidity Competition of BTC: The United States is Already a Step Ahead
The US spot #BTCETF is simply the global liquidity engine—managing 120 billion dollars, holding 611,000 pieces #BTC , with capital inflows directly pushing up prices. The short-term volatility of BTC relies entirely on it.
In contrast, Asia is still in the early stages. Hong Kong is the pioneer, with the first BTC/ETH ETF launching in 2024, managing only 340 million dollars. Singapore, Japan, and South Korea are more cautious, with Japan possibly having to wait until 2028 to launch.📉
The US ETF actively drives the market, with strong institutional participation; Asian ETFs are more passive followers, with policies and macroeconomic factors being the true masters of short-term BTC trends. However, Asia has significant potential to catch up in the future, though the road ahead is still long🌟.