Investment firm Matrixport’s research director Markus Thielen revealed the hours when Bitcoin frequently rallies.
Thielen recently told Cointelegraph that he determined the time range during which Bitcoin rises. He noted that during the Asian market opening hours, Bitcoin usually experienced a decline in the past but reversed after the approval of a spot Bitcoin ETF.
Thielen said investors can usually profit by buying Bitcoin during these specified hours and then selling it within 4 hours. The time range shared by the experienced individual corresponds to 03:00-07:00 GMT:
Investors can take advantage of this information and buy Bitcoin before U.S. trading hours and sell it a few hours later. Our data analysis also revealed that Bitcoin tends to rise 1-4 hours prior to the start of trading for U.S. ETFs, indicating that the ETF flow likely occurs beforehand.
However, he suggested that this purchase is usually used for arbitrage purposes by investors or involves scalp positions and implied that a single data point would not be sufficient for a long-term trade:
We see that purchases during U.S. trading hours are mostly for arbitrage purposes: People buy Bitcoin Spot ETFs, but hedge funds bring down the futures premium on CME while selling Bitcoin futures listed on CME.
