Asia’s Bitcoin supply continues to increase during bear market

2023-6-1 15:20

Quick Take Asia’s Bitcoin supply is at its highest level since 2016. This metric estimates the year-over-year change in the share of the Bitcoin supply held or traded in Asia. The year-over-year supply in Asia has just breached 9%; this is the highest level since the bear market back in 2016, which got to 10%. Geolocation of Bitcoin supply is performed probabilistically at the entity level. The timestamps of all transactions an entity creates are correlated with the working hours of different geographical regions to determine the probabilities for each entity being located in the US, Europe, or Asia. According to data below, uring bear markets, Asia’s supply continues to increase, as they buy value, and offload Bitcoin during bull runs. The data below suggest that during bear markets, Asia consistently increases its Bitcoin supply by buying value with the intent of offloading during bull runs. This current cycle would assume the trend is continuing, as Asian traders continue to buy Bitcoin in this bear market. Asia YOY Supply: (Source: Glassnode)

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Источник: cryptoslate.com

asia supply → Результатов: 25

Asia trading hours dominating Bitcoin supply

Discover the intriguing metric, Year-over-Year Regional Supply Change, as we uncover the notable divergence between the U. S. and Asia in the Bitcoin market. We investigate the reasons behind the massive transfer of Bitcoin from U.

2023-5-17 22:06	Regulation
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First Mover Asia: Bitcoin Regains $27K Amid Encouraging Macro, Technical Signs

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Bitcoin Supply Is Moving From American Holders To Asian Wallets: Glassnode

Data from Glassnode reveals the Bitcoin supply has been observing a shift from wallets based in America to those in Asia recently. Bitcoin Supplies Held By Asian And US Investors Have Gone Opposite Ways Recently According to data from the on-chain analytics firm Glassnode, an interesting dichotomy has formed between the different regional supplies of the cryptocurrency recently.

2023-5-10 21:00	glassnode
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Asia’s Bitcoin supply records new ATH while US, EU reserves shrink

Asia’s Bitcoin (BTC) supply reached its all-time high (ATH) and currently accounts for 7.3% of all Bitcoin supply, while the United States and E.U. The post Asia’s Bitcoin supply records new ATH while US, EU reserves shrink appeared first on CryptoSlate.

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Mounting Cost of Surging Electricity Bills

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VeChain Picked To Spearhead The Use Of Blockchain Solutions Asia Pacific Provenance Council

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2020-5-10 20:48	Bitcoin Information
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VeChain ToolChain Adopted by APAC Provenance Council for Supply Chain Transparency

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Japan: Sake Producers to Use Blockchain to Foster Supply Chain Transparency

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2020-3-22 21:00
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BMW Presents Blockchain-Based Odometer Fraud Prevention App VerifyCar Developed With VeChain

At the VeChain Summit 2019 on April 18, 2019 in San Francisco, Cihan Albay, the IT leader at BMW Group Asia’s Tech Office in Singapore, presented the firm’s VerifyCar app, a “vehicle digital passport on the blockchain” which it developed in collaboration with VeChain, a blockchain startup focusing primarily on supply chain management.

2019-4-27 16:47
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The Facite Foundation Is Taking New Steps beyond Central Asia, Towards the World

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2019-4-21 23:19	Press releases
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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

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2019-4-11 23:38	Mining
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Samsung SDS President Praises Blockchain Benefits

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2019-3-27 10:00	supply chain
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Coinchase Public Sale ICO

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2018-9-15 01:22	Mining
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2018-9-15 23:00
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XRP’s supply is “artificially controlled”, says Litecoin [LTC]’s Charlie Lee

In an interview at the Asia Blockchain Summit [Taiwan] with Jinse. com, the Founder of Litecoin and Managing Direct of the Litecoin Foundation spoke about his reasons to sell a majority of his Litecoin possessions, multiple comparisons between Litecoin, Bitcoin and XRP, and more.

2018-7-27 21:15	News
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2018-7-26 18:55	Digital assets
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2018-7-16 15:00
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2023-6-1 15:20

asia supply → Результатов: 25

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