#比特币2026年行情展望 The 2026 start-of-year market has revealed an interesting phenomenon—after Bitcoin broke through the $96,000 mark, the distribution of driving forces behind this rally was extremely uneven.

According to market data, the North American trading session achieved a cumulative return of 8%, almost becoming the main driver of the market rally. Meanwhile, the European session performed modestly, recording only a 3% increase. The most awkward part was the Asian session, which not only failed to boost the market but also frequently pulled back, dragging down the overall performance. This means that the nearly 10% total increase since the beginning of this year was largely supported by North American traders.

Compared to the market trend at the end of November last year, this contrast is quite dramatic. Back then, North American markets opened with a nightmare—Bitcoin plummeted straight to the $80,000 level, with a single-day drop of up to 20%. When the US stock market opened, Bitcoin sell-offs surged, and the spot Bitcoin ETF experienced continuous outflows for several days, turning the North American session into a slaughterhouse. Many people were asking at that time, why is the most mature market the easiest to crash?

In just two or three months, the trend has completely reversed. The once weakest North American opening session has now become a market accelerant. The huge differences between these time periods have also prompted participants to reconsider the importance of cross-timezone trading strategies.

From a data perspective, this may reflect several changes: adjustments in USD capital flows, a warming of investors' risk appetite, and the divergence in trading logic among participants from different regions. Regardless, this round of market movement has sent a clear signal—the focus on the power dynamics of trading time zones is becoming an important variable for short-term trend prediction.