This metric aims at giving an estimate for the year-over-year change in the share of the Bitcoin supply to be held/traded in Asia.

Geolocation of Bitcoin supply is performed probabilistically at the entity level. The timestamps of all transactions created by an entity are correlated with the working hours of different geographical regions to determine the probabilities for each entity being located in the US, Europe, or Asia. Working hours are defined as:

• US: 8am to 8pm Eastern Time (13:00-01:00 UTC)
• EU: 8am to 8pm Central European Time (07:00-19:00 UTC)
• Asia: 8am to 8pm China Standard Time (00:00-12:00 UTC)

An entity's balance will only contribute to the supply in the respective region if the location can be determined with a high certainty. Supply held on exchanges wallets are excluded.

This is the Point-in-Time (PiT) variant of Asia Year-over-Year Supply Change. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.