Bitcoin spikes outside US hours and traders could ‘take advantage’ — Analyst
For years, Bitcoin tended to dip during Asia trading hours, but something changed after spot Bitcoin ETFs were launched.
Bitcoin (BTC) has seen most of its daily gains come outside U.S. trading hours ever since the launch of spot Bitcoin ETFs, which could present an opportunity for traders, according to an analyst.
The trend is a seeming reversal from the last two years, where most gains were concentrated during U.S. trading hours. Digital research firm 10x Research Markus Thielen suggests the new trend allows investors to capitalize on frequent small profit margins.
“Traders can take advantage of this information and buy Bitcoin ahead of the US trading hours and sell a few hours later," Thielen told Cointelegraph.
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