Markus Thielen, research director of investment firm Matrixport, has revealed the hours when Bitcoin often shows a rise.
Thielen recently told Cointelegraph that he revealed the time range when Bitcoin shows a rise. He noted that in the recent period, Bitcoin generally experienced a decline during the Asia market opening hours but reversed course after the spot Bitcoin ETF approval.
Thielen said that investors can usually profit by buying Bitcoin within the specified hours and then selling it within 4 hours. The time range shared by the experienced individual corresponds to 3:00-7:00 AM GMT:
Investors can take advantage of this information and buy Bitcoin before U.S. trading hours and sell it a few hours later. He also mentioned that our data analysis shows that Bitcoin tends to rise 1-4 hours before U.S. ETFs start trading on that day, which is likely a sign that the ETF flows are front-running.
However, he implied that this purchase is usually used by investors for arbitrage purposes or indicates that scalp positions are involved in trading during these hours, stating that a single data point would not be sufficient for a long-term trade:
The purchases made during U.S. trading hours are mostly for arbitrage purposes: Bitcoin Spot ETFs are being bought while hedge funds pocket the futures premium, and Bitcoin futures listed on CME are being sold.
