{"content":"🚀 BTC Rebounds as Bitcoin Asia Ignites Market Buzz in Hong Kong Bitcoin rebounds over $113,000 on Thursday after finding support around the 100-day EMA this week. Bitcoin Asia begins in Hong Kong on Thursday, demonstrating BTC's rising popularity in Asia. Spot demand is neutral, while perpetuals are bearish but weak. BTC rises beyond $113,000 on Thursday after finding support at a crucial level earlier this week. This rebound has accelerated ahead of the Bitcoin Asia conference in Hong Kong. Traders are apprehensive since spot demand is neutral and perpetual futures mood is shaky. Bitcoin rises at Asia conference Thursday's Bitcoin trading over $113,000 shows resiliency despite a 12% drop from its mid-August record high of $124,474. Market mood rises as Bitcoin Asia, the second-largest Bitcoin conference in the world, begins in Hong Kong on Thursday with 15,000 guests. This two-day event shows Asia's expanding BTC adoption. Indonesia, Thailand, Vietnam, and the Philippines led Asia Pacific in 2023 with 43% of global crypto ownership. More than 200 global speakers will attend, including freshly announced luminaries like Blockstream CEO Adam Back, Binance founder Changpeng Zhao, and entrepreneur Balaji Srinivasan, who bought a private island and turned it into “The Network School”. The chart below indicates that the 30-day moving average of Cumulative Volume Delta (CVD) versus its 180-day median across key venues like Coinbase and Binance has converged around zero. This contrasts with April's purchasing pressure, which fueled the comeback from $72,000. A slight bullish jump in July helped propel the rally above $124,000, but spot mood has neutralized, indicating buyers are less convinced. On Saturday, bitcoin price rejected a previously broken trendline and fell more than 5% till Monday, falling below its 100-day EMA at $110,884. After recovering marginally the following day, BTC found support around this level on Wednesday. It rises beyond $113,000 on Thursday. #BTCWhalesMoveToETH #TrumpFiresFedGovernorCook #BinanceHODLerDOLO $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/28/d80382ec920c4365973a39e8b1a79510.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}