Markus Thielen, research director of the investment firm Matrixport, revealed the hours when Bitcoin frequently rises.
Markus Thielen recently told Cointelegraph that he discovered the time interval during which Bitcoin rises. He noted that in the past, Bitcoin generally decreased during the Asian market opening hours but that it has reversed since the approval of the spot Bitcoin ETF.
Thielen said that investors could usually profit from buying Bitcoin during these few hours and then selling it within 4 hours at the most. The time interval shared by the experienced individual corresponds to 03:00-07:00 GMT:
Investors can benefit from this information and buy Bitcoin before U.S. trading hours and sell it a few hours later. Based on our data analysis, we have also noticed a tendency for Bitcoin to rise 1-4 hours before U.S. ETFs start trading on that day, which suggests that ETF flows likely front-run.
However, he implied that this purchase is usually used by investors for arbitrage purposes or that scalp positions are included in trading during these hours, indicating that a single piece of data would not be sufficient for a long-term trade:
Most of the purchases during the U.S. trading hours seem to be for arbitrage purposes: Bitcoin Spot ETFs are being bought, but hedge funds are pocketing the futures premium while Bitcoin futures listed on the CME are being sold.
