🌓🌗— this is an interesting topic that combines behavioral economics, market dynamics, and human psychology. Although the crypto market operates 24/7, unlike traditional exchanges, certain patterns can still be observed.
Days of the week can influence prices through trader activity. For example, increased volatility is often observed on Mondays as market participants react to weekend news. Research shows that mid-week (Tuesday-Thursday) trading volumes may be more stable, while on Fridays, activity decreases due to position closing ahead of the weekend. Weekends, on the other hand, often bring unexpected jumps due to lower liquidity and speculative movements.
The time of year also plays a role. Winter, especially the holiday season, can be accompanied by price increases due to an influx of retail investors who received bonuses or have more free time. In spring, activity sometimes slows down, while in autumn, when institutional players return to work, the market can pick up. For example, "Bitcoin rallies" are often associated with the end of the year, although this is not a rule.
Day or night influences through geographical features. Activity in Asia (night in European time) can push prices when traders there wake up, and then the market reacts to U.S. actions during the day. Different time zones create waves of trading that are visible in charts.
Still, cryptocurrencies react more to macroeconomic events, regulatory news, or technological updates than to calendar cycles. Trader psychology, FOMO (fear of missing out), or panic amplify these effects, but there is no clear formula. The market remains chaotic and unpredictable, where the calendar is just one of many factors.
Do you think these patterns could serve as a basis for a trading strategy?