If you look at the regional BTC flow charts, there’s a pretty interesting picture:
Since the beginning of November, all regions — the US, Europe and Asia — have been net sellers of BTC, whereas before that, spot flows were consistently dominated by buying.
Over the last week we can see a small buyback from the US and Europe (which matches the V-shape rebound on Bitcoin), while Asia continues to keep selling volume elevated.
In simple terms: Western flows are starting to stabilize and even nibble back in, but Asia still acts more like a seller than a buyer right now.
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70November 29, 2025 5.3K
