Exploring the fluctuations in Bitcoin prices throughout the day, with a focus on evening trends. Stay informed with our analysis
This study examines the intraday price deviations of Bitcoin, the leading cryptocurrency, providing novel insights into its market dynamics.
The analysis leverages high-frequency data from a prominent exchange to quantify the extent and patterns of price deviations throughout the trading day. Results indicate significant deviations from the previous day’s closing price during the evening hours, suggesting increased volatility and potential opportunities for arbitrage or trading strategies that capitalize on these fluctuations.
Moreover, the study identifies specific temporal periods within the evening where price deviations are most pronounced. These time windows may offer valuable information for market participants seeking to optimize their trading activities. The findings contribute to the growing body of research on Bitcoin’s market microstructure and provide practical implications for investors and traders.
