Research

<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2023/10/Image-from-iOS.jpg" class="kg-image" alt loading="lazy" width="1600" height="782"></figure>Here's the visualisation showcasing the seasonality analysis for Bitcoin based on weekdays:Blue Bars: Represent the average returns for each weekday.Black Line: Denotes the volatility (standard deviation) of the returns. A higher value indicates higher price fluctuations on that day.The average daily returns for Bitcoin on different weekdays are as follows:<table style="border-collapse: collapse; width: 45.0985%; height: 168px;">
<tbody>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Monday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">0.37%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Tuesday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">0.11%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Wednesday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">0.46%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Thursday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">0.03%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Friday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">-0.02%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Saturday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">0.19%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Sunday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">0.13%</td>
</tr>
</tbody>
</table>Volatility (Standard Deviation) of Returns by Weekday:<table style="border-collapse: collapse; width: 45.0985%; height: 168px;">
<tbody>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Monday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">4.20%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Tuesday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">3.09%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Wednesday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">3.92%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Thursday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">3.67%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Friday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">3.55%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Saturday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">2.13%</td>
</tr>
<tr style="height: 24px;">
<td style="width: 16.3095%; height: 24px; text-align: center;">Sunday</td>
<td style="width: 14.8333%; height: 24px; text-align: center;">2.52%</td>
</tr>
</tbody>
</table>Number of Green Days vs. Red Days by Weekday:<table style="border-collapse: collapse; width: 60.1402%; height: 192px;">
<tbody>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px;"></td>
<td style="width: 16.5178%; height: 24px; text-align: center;">Greens</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">Reds</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Monday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">94</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">92</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Tuesday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">98</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">88</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Wednesday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">98</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">88</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Thursday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">84</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">102</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Friday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">88</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">98</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Saturday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">99</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">87</td>
</tr>
<tr style="height: 24px;">
<td style="width: 22.8799%; height: 24px; text-align: center;">Sunday</td>
<td style="width: 16.5178%; height: 24px; text-align: center;">93</td>
<td style="width: 14.0417%; height: 24px; text-align: center;">93</td>
</tr>
</tbody>
</table>Key TakeawaysHighest Average Returns:<ul><li>Wednesdays have the highest average return, suggesting it might historically be the most profitable day to hold Bitcoin.</li></ul>Positive Momentum Start:<ul><li>Mondays also show strong average returns, indicating the week often starts with positive momentum.</li></ul>Weekend Stability:<ul><li>Saturdays have the lowest volatility, hinting at more stable prices on this day.</li></ul>Midweek Volatility:<ul><li>Mondays and Wednesdays exhibit higher volatility compared to other weekdays, implying larger price fluctuations and potentially higher risk or opportunity on these days.</li></ul>End-of-Week Caution:<ul><li>Thursdays and Fridays show a slight decline in average returns. Particularly, Thursdays have higher days with negative returns, suggesting caution for end-of-week trading.</li></ul>Overall Trend:<ul><li>Despite some variability in returns across weekdays, Bitcoin has shown positive average returns on most days, reinforcing its strong upward trend over the period analysed.</li></ul>https://poll.fm/12914541

Here's the visualisation showcasing the seasonality analysis for Bitcoin based on weekdays:Blue Bars: Represent the average returns for each weekday.Black Line: Denotes the volatility (standard deviation) of the returns. A higher value indicates higher price fluctuations on that day.The average daily returns for Bitcoin on different weekdays are as follows:




Monday
0.37%


Tuesday
0.11%


Wednesday
0.46%


Thursday
0.03%


Friday
-0.02%


Saturday
0.19%


Sunday
0.13%




Volatility (Standard

Weekday Seasonality Report on Bitcoin (BTC)