Bitcoin

Change

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>The metric Year&#8211;over&#8211;Year Regional Supply Change sees a clear divergence between U.S. and Asia.</li>
<li>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.</li>
<li>Bitcoin, which used to be held in the U.S., is now being transferred to wallets in Asia at an incredible pace. </li>
<li>In addition, Asia&#8217;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%.  </li>
</ul>
US YoY Supply Change: -7.9%
Asia YoY Supply Change: +7.4%
<figure id="attachment_325608" aria-describedby="caption-attachment-325608" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-325608 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/reg.jpg" alt="Regions: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/reg.jpg 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/reg-300x169.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/reg-1024x576.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/reg-768x432.jpg 768w, https://cryptoslate.com/wp-content/uploads/2023/05/reg-1536x864.jpg 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-325608" class="wp-caption-text">Regions: (Source: Glassnode)</figcaption></figure>
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Asia trading hours dominating Bitcoin supply

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