Bitcoin accumulation has softened significantly but as 2022 draws to a close, the U.S. is buying more BTC than any other region, according to CrytoSlate’s analysis of Glassnode data.
A similar pattern of accumulation and distribution was noted with Ethereum.
Bitcoin accumulation and distribution by region
The chart below depicts Bitcoin accumulation and distribution by the U.S., EU and Asia regions. It shows strong bullish sentiment from the U.S. and EU in the first half of the year, leading to high accumulation levels for those regions. At this time, Asia was selling.
Maximum pain post-Terra collapse, as Bitcoin was rejected at $25,000 in mid-August, saw Asia flip from distribution to accumulation. Meanwhile, at this point, the U.S. and EU went the other way, flipping from accumulation to distribution.
Asia continued buying into September and November. But since mid-November, no regions were accumulating.
Leading into Christmas, the U.S. is accumulating again, albeit at weak levels
We współpracy z: https://cryptoslate.com/us-leads-weak-bitcoin-and-ethereum-accumulation-into-festive-period/
