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Asia trading hours dominating Bitcoin supply

May 16, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

The metric 12 months–over–12 months Regional Provide Change sees a transparent divergence between U.S. and Asia.
This metric estimates the year-over-year change within the share of the Bitcoin provide to be held/traded in Asia, the US, and Europe.
Bitcoin, which was once held within the U.S., is now being transferred to wallets in Asia at an unbelievable tempo. 
As well as, Asia’s final two fundamental peaks occurred earlier than each bull runs, in 2016 and 2020. This present YOY provide change is on the identical % change, roughly 7.5%.  

US YoY Provide Change: -7.9%

Asia YoY Provide Change: +7.4%

Regions: (Source: Glassnode)
Areas: (Supply: Glassnode)

The submit Asia buying and selling hours dominating Bitcoin provide appeared first on CryptoSlate.

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Tags: AsiaBitcoinDominatingHoursSupplyTrading
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