Bitcoin Price Based On Global Working Hours

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

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Thanks to Glassnode’s latest creativity and data engineering, we have a unique view of bitcoin’s price changes across major regional working hours. The charts below leverage their new data which tracks the cumulative 30-day price change during U.S., EU and Asian trading hours.

This provides us with an interesting view of the market’s buy- and sell-side pressure across geographic areas. The first chart below shows the absolute 30-day change in price since 2018. As price progresses higher, the recent price changes over the last year stand out more in the first chart. Below, we normalize this to a relative percent change for easier historical comparisons.

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