PANews reported on January 9 that according to The Block, according to CryptoQuant data, the share of Bitcoin reserves held by US entities is now 65% higher than that of non-US entities. CryptoQuant CEO Ki Young Ju said on the X platform that this ratio was obtained by comparing the Bitcoin holdings of known US entities (including MicroStrategy, ETFs, exchanges, mining companies and governments) with the Bitcoin holdings of known overseas entities.

The data shows that the ratio soared from 1.24 in September 2024 to 1.66 on December 16. As of January 6, the ratio was 1.65. And for most of 2023, when Bitcoin was trading below $30,000, the data showed that overseas Bitcoin holdings exceeded U.S. holdings.