Bitcoin

when

April

Bitcoin entered April with a decline and fell to $ 64,000 with the correction it experienced.
While Bitcoin exhibited very volatile movements in this retreat, analysts analyzed BTC's behavior.
At this point, 10x Research founder Markus Thielen, who stated that BTC has achieved most of its daily gains outside US trading hours since the launch of spot Bitcoin ETFs, said that this situation may present an opportunity for investors.
Speaking to Cointelegraph, Thielen argued that Bitcoin's gains may have been a reversal of the last two years, when most of the gains were concentrated in US trading hours.
<blockquote>
 “After the approval of spot Bitcoin ETFs in January, BTC made most of its daily gains outside of US trading hours.
 Investors can take advantage of this information and buy Bitcoin before US trading hours and sell it a few hours later.
 Through our data analysis, we also noticed that Bitcoin tends to rise 1-4 hours before US ETFs start trading that day, which is a sign that the ETF flow is likely happening from the front.
 However, US investors tend to take advantage of the market difference between the spot market and the futures market. Because we saw that the purchases made during trading hours in the USA were mostly for arbitrage purposes.”
</blockquote>
Apart from Markus Thielen, Bloomberg ETF analyst Eric Balchunas also confirmed this information, sharing that the majority of the 40 percent gains in Bitcoin since the launch of spot Bitcoin ETFs on January 11 have occurred outside US market trading hours.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The vast majority of the 40% gains in bitcoin since ETF launch have been after hours with huge price gaps forming bt close and open.. great chart showing the intra-day vs after hours return for <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> from <a href="https://twitter.com/psarofagis?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@psarofagis</a> <a href="https://t.co/3EVbyRpzra" rel="noopener noreferrer nofollow">pic.twitter.com/3EVbyRpzra</a>
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1775996934047531273?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/attention-bitcoin-investors-btc-is-rising-especially-during-these-hours-popular-analysts-explained/" rel="noopener noreferrer nofollow">Attention Bitcoin Investors: BTC Is Rising Especially During These Hours! Popular Analysts Explained!</a>

Attention Bitcoin Investors: BTC Is Rising Especially During These Hours! Popular Analysts Explained!

Bitcoin Sistemi EN

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