Bitcoin has rallied 31% since February 6, according to data from Velo, and the breakdown by trading session reveals a clear winner. The APAC session — covering 00:00 to 08:00 UTC — contributed 13% of Bitcoin's price movement during the rally, the most of any major trading block. The U.S. session logged 11.5%, while Europe added 6.5%.
Why APAC led
The midnight UTC hour — 00:00 — averaged a 0.10% gain per hourly close within the APAC session over the rally period. That may sound small, but repeated daily it compounds. Bitcoin also held above the $80,000 support level before pushing to $82,000, a sign that buyers stepped in early during Asian hours.
Velo’s data suggests the region’s traders are increasingly setting the tone for the broader market. The APAC contribution to price movement was roughly double that of Europe, and it topped the U.S. session by 1.5 percentage points — not a huge gap, but a consistent one over nearly four months.
U.S. session turned a corner
The picture wasn’t always bright for American traders. U.S. trading hours were flat-to-negative through most of February and March before shifting positive in early April. That turnaround helped the session claw back to an 11.5% share — still behind APAC, but a notable recovery from the sluggish start of the year.
Once the U.S. session started adding gains, the rally found a second gear. The two largest trading blocks together accounted for nearly a quarter of Bitcoin’s price movement during the period.
