Analysis: Asian funds currently have a stronger influence on BTC price, and the market is eagerly awaiting funds from the US region to follow suit

BlockBeats News, January 11th. On-chain data analyst Murphy posted that the on-chain metric RMMPC shows that the current Asian market funds have a stronger dominance over BTC price, initiating a strong intervention after December 19, 2025, and driving BTC to rebound after a second retracement to $85,000. However, current American market funds have not actively entered the market (partly due to the Christmas and New Year holidays), resulting in a limited rebound.

Prior to the market launch in March 2025, Asian funds intervened first, with American funds following suit, ultimately providing strong momentum to the market and fundamentally changing its direction.

The RMMPC metric stands for Regional Month-over-Month Price Change, mainly used to observe the dominance and driving force of Bitcoin price by comparing the sentiment and fund flows of investors in different regions.