There is an interesting phenomenon—while the Asian session (including traditional stock markets and forex) is rising, the crypto market is not showing much improvement. It seems contradictory, but the reasons are quite clear.

Fundamentally, the gameplay of these two markets is completely different. Cryptocurrencies are decentralized alternative assets, mainly influenced by internal industry rules such as regulatory developments, on-chain data performance, and ETF progress; whereas the Asian session belongs to compliant financial products under sovereign markets, driven by macroeconomics, regional policies, and traditional liquidity. The interaction between the two is inherently weak.

Secondly, it's a matter of capital. When the Asian session rises, funds that rely on speculation tend to flow back into stocks, forex, and other traditional assets. The capital situation in the crypto market is thus under pressure, making it difficult to follow the trend upward. Additionally, if during the same period there is regulatory tightening, project collapses, or large investors dumping coins, these negative news directly suppress the positive sentiment in traditional markets.

Another key point— the crypto market operates 24/7 globally, and European and American funds have far greater influence than Asia-Pacific. The trading volume and activity during the Asian session are simply insufficient to drive the crypto market into a trend, so the market movements still depend on the European and American sessions.