Markus Thielen, research director at investment firm Matrixport, has revealed the hours when Bitcoin often experiences a surge.
In a recent statement to Cointelegraph, Thielen exposed the time frame during which Bitcoin consistently rises. He noted that, historically, Bitcoin typically experienced a decline during the Asian market opening hours, but that changed following the spot Bitcoin ETF approval.
Thielen stated that investors can often profit by purchasing Bitcoin within the specified hours, then selling it within 4 hours. The time range shared by the seasoned professional corresponds to 03:00-07:00 Turkish time:
Investors can take advantage of this information and purchase Bitcoin before the U.S. trading hours, then sell it after a few hours. Our data analysis also indicated that Bitcoin typically began to rise 1-4 hours before the U.S. ETFs started trading, suggesting that the ETF flow likely occurred beforehand.
However, he implied that this purchase is typically used for arbitrage purposes or that scalp positions may be involved during these hours, indicating that a single data point may not be sufficient for a long-term trade:
Most purchases during the U.S. trading hours appear to be for arbitrage purposes: Bitcoin Spot ETFs are being purchased, but hedge funds are pocketing the futures trading premium while selling Bitcoin futures contracts listed on the CME.
