The Asian cryptocurrency market has experienced significant volatility recently, possibly due to algorithms tracking the flow of funds in the US Bitcoin spot ETF. During the Asian trading hours after the US stock market closes, daily demand level data for the Bitcoin spot ETF is disseminated throughout the cryptocurrency market. These data indicate that Bitcoin experienced its largest decline within a month when investors withdrew their funds. SHILIANG TANG, President of ARBELOS MARKETS, pointed out that automated trading protocols may have contributed to the market volatility through automatic scraping of this data and subsequent buying and selling reactions.

Odaily Planet Daily News: In the Asian market, Bitcoin investors are facing significant volatility, possibly in response to the flow of funds data from US ETFs holding cryptocurrencies, as dictated by automated trading protocols.

During the Asian trading hours following the close of the US stock market, the daily demand level data of these Bitcoin spot ETFs spreads throughout the entire cryptocurrency market. On Tuesday, when the data indicated investors were withdrawing their investments, Bitcoin experienced its largest drop in a month.

Shiliang Tang, President of Arbelos Markets, stated, "From the perspective of algorithmic trading, robots can automatically crawl and trade based on this data, which seems to be what is happening now." (Bloomberg)

Asian Cryptocurrency Market Fluctuations May Be Due to Tracking Bitcoin ETF Fund Flow Algorithms