{"id":516558,"date":"2023-01-18T16:00:35","date_gmt":"2023-01-18T21:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=516558"},"modified":"2024-06-11T10:45:54","modified_gmt":"2024-06-11T10:45:54","slug":"asian-traders-bitcoin-recent-gains-report","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/","title":{"rendered":"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals"},"content":{"rendered":"

Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report.<\/p>\n

Bitcoin Saw The Most Returns During Asian Trading Hours<\/h2>\n

As per the latest weekly report from Arcane Research<\/a>, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The report defines the three principal trading hours: between 0 to 8 Central European Time (CET) for Asian hours, 8-16 CET for European, and 16-24 for the US.<\/p>\n

Here is a chart that shows the cumulative returns that Bitcoin got during each of these trading hours since 27 November:<\/p>\n

\"Bitcoin<\/p>\n

The value of the metric seems to have been the lowest for Europe | Source: Arcane Research's Ahead of the Curve - January 17<\/a><\/pre>\n
As shown above, Bitcoin has seen chiefly positive returns during Asian trading hours between 27 November and 15 January. This would suggest that traders in Asia have been participating in net buying throughout this period.<\/p>\n
Related Reading: Altcoin Indexes Outperform Bitcoin, Small Caps Lead Market<\/a><\/div>\n
The US trading hours mostly saw consolidation in this timespan, implying that activity might have been at a standstill. BTC’s returns were also negative at the end of the year during these hours, while they always remained positive during Asian hours.<\/p>\n
There was one exception. However, the market reacted strongly to the CPI news last week, and BTC observed gains. Bitcoin’s cumulative returns stand at 10% in the green during US hours, while they stand at 16% for Asian hours.<\/p>\n
European hours also mostly saw sideways movement, with BTC remaining at slight negative returns through most of the period, until the recent surge, which also saw buying during this time zone. Still, this uplift was enough to bring the crypto back to neutral returns.<\/p>\n
Related Reading: Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?<\/a><\/div>\n
This means that most of BTC’s recent profits<\/a> came during the Asian hours, with US participants only pushing the price in last week’s CPI surge, while European traders were mainly irrelevant for the coin.<\/p>\n
An exciting trend appears in the correlation between Bitcoin and Nasdaq<\/a> futures for each time zone. The “correlation<\/a>” here refers to a measurement of how closely the price of BTC has been following changes in Nasdaq futures.<\/p>\n
The below chart highlights the trend in the daily Bitcoin correlation with Nasdaq futures sorted by hours of the day.<\/p>\n
\"Bitcoin<\/p>\n
Looks like the value of the metric has been low for the first two time periods | Source: Arcane Research's Ahead of the Curve - January 17<\/a><\/pre>\n
According to the report, the overall 30-day correlation between Bitcoin and Nasdaq has recently plunged to pretty low values. However, even so, it would appear that there is some relevant correlation during US trading hours still present. This means price action tends to follow Nasdaq futures in this time zone.<\/p>\n
In Asian and European trading hours, however, the indicator’s value has consistently remained low this month so far.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $20,800, up 20% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC has taken a plunge | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, Arcane Research<\/div>\n","protected":false},"excerpt":{"rendered":"
Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most Returns During Asian Trading Hours As per the latest weekly report from Arcane Research, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The report defines the three principal trading hours: between 0 to 8 Central European Time (CET) for Asian hours, 8-16 CET for European, and 16-24 for the US. Here is a chart that shows the cumulative returns that Bitcoin got during each of these trading hours since 27 November: The value of the metric seems to have been the lowest for Europe | Source: Arcane Research’s Ahead of the Curve – January 17 As shown above, Bitcoin has seen chiefly positive returns during Asian trading hours between 27 November and 15 January. This would suggest that traders in Asia have been participating in net buying throughout this period. Related Reading: Altcoin Indexes Outperform Bitcoin, Small Caps Lead Market The US trading hours mostly saw consolidation in this timespan, implying that activity might have been at a standstill. BTC’s returns were also negative at the end of the year during these hours, while they always remained positive during Asian hours. There was one exception. However, the market reacted strongly to the CPI news last week, and BTC observed gains. Bitcoin’s cumulative returns stand at 10% in the green during US hours, while they stand at 16% for Asian hours. European hours also mostly saw sideways movement, with BTC remaining at slight negative returns through most of the period, until the recent surge, which also saw buying during this time zone. Still, this uplift was enough to bring the crypto back to neutral returns. Related Reading: Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally? This means that most of BTC’s recent profits came during the Asian hours, with US participants only pushing the price in last week’s CPI surge, while European traders were mainly irrelevant for the coin. An exciting trend appears in the correlation between Bitcoin and Nasdaq futures for each time zone. The “correlation” here refers to a measurement of how closely the price of BTC has been following changes in Nasdaq futures. The below chart highlights the trend in the daily Bitcoin correlation with Nasdaq futures sorted by hours of the day. Looks like the value of the metric has been low for the first two time periods | Source: Arcane Research’s Ahead of the Curve – January 17 According to the report, the overall 30-day correlation between Bitcoin and Nasdaq has recently plunged to pretty low values. However, even so, it would appear that there is some relevant correlation during US trading hours still present. This means price action tends to follow Nasdaq futures in this time zone. In Asian and European trading hours, however, the indicator’s value has consistently remained low this month so far. BTC Price At the time of writing, Bitcoin is trading around $20,800, up 20% in the last week. BTC has taken a plunge | Source: BTCUSD on TradingView Featured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, Arcane Research<\/p>\n","protected":false},"author":542,"featured_media":516612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[237,428,87436,6481,1119,1144,1952,4309],"class_list":["post-516558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asia","tag-bitcoin","tag-bitcoin-gains","tag-bitcoin-rally","tag-btc","tag-btcusd","tag-europe","tag-us"],"acf":[],"yoast_head":"\nAsian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals<\/title>\n<meta name=\"description\" content=\"Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals\" \/>\n<meta property=\"og:description\" content=\"Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-18T21:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:45:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals\",\"datePublished\":\"2023-01-18T21:00:35+00:00\",\"dateModified\":\"2024-06-11T10:45:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\"},\"wordCount\":482,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"asia\",\"bitcoin\",\"Bitcoin Gains\",\"bitcoin rally\",\"btc\",\"btcusd\",\"europe\",\"us\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\",\"url\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\",\"name\":\"Asian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2023-01-18T21:00:35+00:00\",\"dateModified\":\"2024-06-11T10:45:54+00:00\",\"description\":\"Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Asian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals","description":"Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/","og_locale":"en_US","og_type":"article","og_title":"Asian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals","og_description":"Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most","og_url":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-01-18T21:00:35+00:00","article_modified_time":"2024-06-11T10:45:54+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals","datePublished":"2023-01-18T21:00:35+00:00","dateModified":"2024-06-11T10:45:54+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/"},"wordCount":482,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707","keywords":["asia","bitcoin","Bitcoin Gains","bitcoin rally","btc","btcusd","europe","us"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/","url":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/","name":"Asian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707","datePublished":"2023-01-18T21:00:35+00:00","dateModified":"2024-06-11T10:45:54+00:00","description":"Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals","url":"http:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/asian-traders-bitcoin-recent-gains-report\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["asia","bitcoin","bitcoin gains","bitcoin rally","btc","btcusd","europe","us"],"dateCreated":"2023-01-18T21:00:35Z","datePublished":"2023-01-18T21:00:35Z","dateModified":"2024-06-11T10:45:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Asian Traders Behind Most Of Bitcoin’s Recent Gains, Report Reveals\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/asian-traders-bitcoin-recent-gains-report\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/asian-traders-bitcoin-recent-gains-report\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"asia\",\"bitcoin\",\"bitcoin gains\",\"bitcoin rally\",\"btc\",\"btcusd\",\"europe\",\"us\"],\"dateCreated\":\"2023-01-18T21:00:35Z\",\"datePublished\":\"2023-01-18T21:00:35Z\",\"dateModified\":\"2024-06-11T10:45:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/dmitry-demidko-OG3A-ilG8AY-unsplash-1-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516558"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=516558"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/516612"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=516558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=516558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=516558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}