Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.
In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin.
BTC supply moves to Asia
The past year has seen some seismic shifts in where Bitcoin is held and traded.
In its latest analysis of the BTC supply, Glassnode measured its migration around the world — notably, away from the U.S. and toward Asia.
Since mid-2022, the amount of the supply held and traded by U.S. entities has decreased by more than 10%.




