2023-5-17 22:06 |
Quick Take The metric Year–over–Year Regional Supply Change sees a clear divergence between U.S. and Asia. This metric estimates the year-over-year change in the share of the Bitcoin supply to be held/traded in Asia, the US, and Europe. Bitcoin, which used to be held in the U.S., is now being transferred to wallets in Asia at an incredible pace. In addition, Asia’s last two main peaks occurred before both bull runs, in 2016 and 2020. This current YOY supply change is on the same % change, roughly 7.5%.
US YoY Supply Change: -7.9%
Asia YoY Supply Change: +7.4%
Regions: (Source: Glassnode)The post Asia trading hours dominating Bitcoin supply appeared first on CryptoSlate.
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