Analysis: Since the second half of October, Bitcoin's returns have been primarily driven by the Asian trading session, while the European session has dragged down its overall performance.
1 hours ago
Galaxy Research Head of Research Alex Thorn noted in a post that since the second half of October, Bitcoin’s returns have been primarily driven by the Asian trading session, while the European trading session has weighed on overall performance. The chart he shared shows that as of October 20, with October 1 as the starting point, Bitcoin’s cumulative return during the Asian trading session stood at 3.9%, versus 1.1% for the U.S. trading session and -5.5% for the European trading session. The buy-and-hold return for the same full period was -0.7%.
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