#Solana行情走势解读 【Asian Buyers Support Bitcoin Rebound, What the Capital Flow Data Tells Us】

January 11th, on-chain analyst Murphy updated a data insight: According to the RMMPC indicator, the influence of Asian capital on BTC price is becoming more direct. Especially since December 19th last year, Asian funds have been actively accumulating, pushing Bitcoin from around $85,000 back up, completing the rebound.

But there's a problem—funds from the Americas haven't really stepped in yet. The reason is understandable; after Christmas and New Year holidays, capital flow is naturally slow. And because of the lack of follow-through from the Americas, the height of this rebound is somewhat limited.

Interestingly, Murphy revisited the market memoir from March 2025: At that time, Asian funds entered first, followed by the Americas. The combined force of these two sides directly propelled Bitcoin out of that fierce rally. Comparing to the current situation, the missing piece is the Americas' participation.

What exactly is the RMMPC tool good for? Simply put, it’s used to track what investors in different regions are thinking and where the money is flowing. Through this indicator, you can clearly see the capital battles between regions.

**The current situation is as follows:**
- Asia is buying, and the short-term rebound of BTC relies on this force
- The Americas are still on the sidelines, in a wait-and-see mode
- The next focus is: When will the Americas' funds jump in?

Once the Americas also start actively participating, whether BTC can continue upward depends on this timing. This could be the key to whether the rebound turns into a trend.

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