CryptoQuant: U.S. entities hold 65% more Bitcoin than non-U.S. entities
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According to data from the blockchain analysis platform CryptoQuant, the proportion of Bit held by US entities is currently 65% higher than that held by non-US entities. CryptoQuant CEO Ki Young Ju stated that this ratio is obtained by dividing the known Bit holdings of US entities (including MicroStrategy, ETFs, exchanges, miners, and the government) by the known Bit holdings of non-US entities.
The data shows that this ratio soared from 1.24 in September 2024 to 1.66 on December 16. As of January 6, the ratio was 1.65. For most of 2023, when the Bit price was below $30,000, the data showed that the holdings of non-US entities exceeded those of US entities.
In the past three months, Trump, who supports cryptocurrencies, won the US presidential election and promised to establish a national Bit strategic reserve, which has brought positive sentiment to the entire market, pushing Bit above $100,000, and the Bit spot ETF has also seen significant trading volume and inflows.
The world's largest corporate holder of Bit, MicroStrategy, continues to increase its Bit holdings, also driving the "Bit corporate reserve tide", with many US-listed companies starting to purchase Bit, and some other countries' companies are also following this strategy, such as the Japanese listed company Metaplanet.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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