Investment firm Matrixport’s research director Markus Thielen revealed the hours during which Bitcoin frequently shows an increase.
Markus Thielen recently stated to Cointelegraph that he shared the timeframe when Bitcoin tends to rise. He noted that in the past, Bitcoin usually experienced a drop during the Asian market opening hours but reversed this trend after the approval of the spot Bitcoin ETF.
Thielen suggested that investors can usually make a profit by buying Bitcoin during the specified hours and then selling it within 4 hours. The timeframe shared by the experienced individual corresponds to 03.00-07.00 GMT:
Investors can take advantage of this information and buy Bitcoin before the start of the US trading hours to sell it a few hours later. Through our data analysis, we also noticed that Bitcoin tends to rise 1-4 hours before the start of trading of US ETFs, indicating that the ETF flow is likely happening beforehand.
However, he implied that the purchase is usually used by investors for arbitrage purposes or that scalp positions are involved in trading during these hours by indicating that a single data point would not be sufficient for a long-term trade:
Purchases made during US trading hours are mostly for arbitrage purposes: Bitcoin Spot ETFs are being bought while hedge funds are pocketing the futures trading premium as they sell Bitcoin futures listed on CME.
