quick take
- metrics Year–that’s all–Year There are clear differences between the US and Asia in terms of regional supply changes.
- This indicator estimates the year-over-year change in the share of Bitcoin supply held/traded in Asia, the US and Europe.
- Bitcoin, once held in the United States, is now being transferred to Asian wallets at an incredible pace.
- Moreover, the last two major peaks in Asia preceded both the 2016 and 2020 bull markets. This current year-on-year change in supply is at the same rate of change (around 7.5%).
US y/y supply change: -7.9%
Asia y/y supply change: +7.4%
It first appeared on CryptoSlate after the Asian trading hours that dominate Bitcoin supply.
