Honk Kong Theory

In recent hours there are theories that Honk Kong is moving capital and has been driving Bitcoin's rise in recent weeks. Once again we are helped by onchain data from/to Exchange through volume analysis

As can be seen, volumes from early 2023 are driven during European and U.S. session hours, with higher volume during the USA session

If instead we go to analyze the last 14 days, even volumes are even higher during the European and USA sessions

We can say, without any reasonable doubt, with data, that those who say that Honk Kong and asia is dragging this rise ARE LYING TO YOU, or at best have no data or cannot analyze it

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All bitcoins were outflowed from the address

The address is currently at zero balance

A further clarification. The address is currently not zero but contains 825 bitcoins, we apologize for the inaccuracy