Asia trading hours dominating Bitcoin supply

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%

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