Amid the continuous downward trend in the global crypto market, leading on-chain analytics firm Glassnode yesterday reported some significant movement recorded in the Bitcoin (BTC) and Stablecoin markets. According to Glassnode, the dominance of Bitcoin and stablecoin flows have seen “dramatic shifts” over the years.
Changes In Bitcoin Supply Ownership
In a series of tweets posted earlier today, Glassnode released a recent report shedding light on the evolving landscape of Bitcoin supply ownership and the dynamics surrounding stablecoins.
The findings reveal significant shifts in the dominance of Bitcoin supply and the distribution of stablecoin holdings, indicating changing investor behaviors and potential migration of liquidity towards lower-risk digital assets.
According to Glassnode’s report, the dominance of BTC supply has witnessed a noteworthy transformation over the past two years. US entities now hold 11% less Bitcoin than in June 2022, while investors active during Asia
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