
Europe Hours Supply Year-over-Year Change compares the share of Bitcoin supply attributed to European activity hours with its level one year earlier. Based on on-chain activity timing, it reports the change in supply share in percentage points.
Above zero, the attributed share has increased over a year; below zero, it has decreased. The historical range runs from roughly +4.99 percentage points on June 29, 2018 to -5.40 points on October 17, 2019. The entire supplied 2025 series was negative, showing that a contraction can persist rather than mark a single event.
A smaller negative value signals a narrowing annual decline, not necessarily a new inflow. European activity hours are an estimation category rather than verified European ownership; global services and shifts in scheduling can affect attribution. Read it alongside the US and Asia series, with consistent percentage-point units.
No. The category follows activity hours, not a legal or political boundary. It cannot distinguish EU residents from other users who transact during the same hours.
It means the annual share change improved by two percentage points but remains negative. It does not establish growth in the absolute BTC balance or a two-percent return.
The supplied year-over-year series begins on January 3, 2010. An annual comparison needs a prior-year reference, unlike a supply balance that can be recorded from the network’s launch.