The U.S. session that led bitcoin has flipped. Glassnode splits hourly returns into U.S. trading hours and every other hour. From July through the September breakout, the U.S. session did most of the gains. The other hours were flat. Price followed the purple line up. since about September 20, that has reversed. The U.S. session’s summed return has fallen from about 21% toward 16%. The other hours have risen from about 12% toward 22%, and now sit above the U.S. line. Price pushed toward $90,000 in that window and is back near $85,000. a session return is who was buying during those hours, not a fund filing. U.S. hours overlap the ETF print and the New York cash open. A falling U.S. line since the breakout means that session has been a net seller. The bid has been outside it. the lead lasted until the breakout. Since then the other hours have carried the price. Watch whether the U.S. line turns back up. That is the session that led the first leg. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH
