US Buying Drives BTC, ETH and XRP Recovery as Asia Remains Net Seller
US trading hours have become the primary driver of a short-term recovery in Bitcoin (BTC), Ethereum (ETH) and XRP. Session-based on-chain data from Velo shows US hours shifted from modestly negative to strongly positive between Nov 24–26, pushing BTC above $90,000, ETH back over $3,000 and XRP up about 14% to roughly $2.18. Europe displayed uneven, muted buying while APAC sessions remained the main source of sell-side pressure (typically between -5% and -7% for the week). The regional imbalance—US net buying vs. Asian net selling—has reduced recent downward momentum but has not restored all prior losses. Key data points: US session gains rose from ~2% to 7.55% (Nov 24–26); Europe peaked near 3.31% but ended the week close to flat; Asia stayed negative most of the week. Traders should watch US session flow, APAC selling pressure, and whether broader market catalysts sustain demand beyond session-driven moves.
Bullish
The immediate effect of US-session net buying is bullish: it lifted BTC above $90k, ETH above $3k and produced a strong weekly gain in XRP (~14%). Session-flow driven recoveries typically boost short-term risk sentiment and can trigger momentum-driven buying among traders, especially if US liquidity continues. However, the recovery is qualified by persistent APAC selling and uneven European flows—factors that cap upside and increase volatility. Historically, similar patterns (regional session imbalances) have produced short-to-medium-term rallies that reverse unless accompanied by broader on-chain demand or macro catalysts (e.g., ETF approvals, clearer regulation, macro risk-on). Therefore, expect: short-term bullish momentum and higher intraday volatility; possible pullbacks if APAC selling resumes or if US buying is temporary; longer-term direction depends on whether regional buying broadens into sustained global demand or remains a localized session phenomenon.