ChainCatcher message, on-chain data analyst Murphy posted that the on-chain sentiment indicator RMMPC shows that currently, Asian market funds have a stronger dominance over BTC price, initiating a strong intervention after December 19, 2025, and simultaneously driving BTC to rebound after a secondary dip to $85,000. However, the Americas market funds have not yet actively entered, resulting in limited rebound strength.
Previously, before the market trend started in March 2025, Asian funds led the intervention, followed by US funds, ultimately providing strong momentum for the market and decisively changing the market direction.
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