The restoration of US dominance in the Bitcoin market is gaining momentum. According to data from the founder of the analytical company CryptoQuant Kim Young-ju, the share of the United States in the world's Bitcoin (BTC) reserves continues to gradually grow. This is confirmed by the increase in demand for spot ETFs.
According to the analyst, the ratio in relation to other countries shows a significant increase, indicating the return of a significant part of Bitcoin reserves under the control of American players. The chart published by the specialist shows that as the price of BTC rises, starting in 2023, the dominance of the United States in the cryptocurrency reserves also increases.
The last time such a situation was observed in 2017-2018, when Bitcoin reached its peak price values. Now, against the backdrop of demand for spot ETFs in the United States, the country again leads in the number of digital assets held among well-known public market participants.