) 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.
On April 4, Bitcoin rallied approximately 2.6% outside U.S. hours while prices only rose around 0.6% during U.S. hours. “We also noticed through our data analysis that Bitcoin tends to rise during the 1-4 hours before U.S. ETFs start trading on that day, a sign that there is likely front running of the ETF flow occurring,” he added.
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