Analysis: Asian funds currently have a stronger influence on BTC prices, and the market is awaiting follow-up from US funds.

According to Mars Finance, on January 11th, on-chain data analyst Murphy published an article stating that the on-chain sentiment indicator RMMPC shows that Asian market funds are currently more dominant in influencing BTC prices, having begun strong intervention after December 19th, 2025, thus driving BTC's rebound after a second pullback to $85,000. However, funds in the Americas market have not yet actively entered (partly due to the Christmas and New Year holidays), resulting in limited rebound strength. Previously, before the market rally in March 2025, Asian funds intervened first, followed by US funds, ultimately providing strong momentum and changing the market direction.