Bitcoin's recent price rally, climbing from under $63,000 in early February to over $80,000, has been significantly influenced by trading activity during the APAC and U.S. sessions. Data from Velo reveals that since February 6, the APAC session has contributed a 13% return, while the U.S. session added 11.5%, with Europe lagging at 6.5%. This trend highlights the importance of these sessions in the ongoing price discovery process.
The analysis also identifies the optimal trading hours, with the midnight UTC candle (00:00-01:00 UTC) showing the highest average return of 0.10% over three months. This period marks the transition between late U.S. and early APAC trading, where liquidity is highest. Additionally, Monday emerges as the strongest day for returns, averaging 1.5%, suggesting a strategic entry point for traders.
Bitcoin Price Surge Driven by APAC and U.S. Trading Sessions
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
