Asia trading hours dominating Bitcoin supply
Bitcoin that used to be held in the US is now being transferred to wallets in Asia.
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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%
