Statistics for Bitcoin trading were analyzed by an analysis company called Skew. So, what hours is Bitcoin trading more intense?
Bitcoin trading is very sluggish in the morning
Along with the interest in Bitcoin in recent years, there has been a significant movement in the Bitcoin trade. With this mobility, trading hours can vary.
Especially opening and closing hours of Asian and US markets play an important role in Bitcoin trading. With the reviews by the analysis company Skew, the hours when the Bticoin trade was the busiest were examined. According to the reviews, we can say that the trade is the busiest at 16:00 UTC.
The data shared by Binance and Coinbase shows that the middle of the week is more intense in terms of transaction volume compared to weekends or early weekends.
It is seen that only 2 million dollars of transactions were made in 30 days at 09:00, which is approximately 2.5 hours after the opening of New York stock exchanges in the USA. This reveals that the transaction volume in the morning hours is very low. In addition, according to the Coinbase statistics, 30-day data shows that there is a 6.5 million dollar transaction between 15:00 and 16:00.