Galaxy Research says October the second half of the month BTC the rally was mainly driven by the Asian session
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AT A GLANCE
Alex Thorn said that Bitcoin's recent returns were driven by the Asian session, while the European session weighed on overall performance.
Article
Analysis:October Since the second half of the month, Bitcoin returns have been driven mainly by the Asian trading session, while the European session has weighed on overall performance.
According to BlockBeats,October 21, Alex Thorn, Head of Research at Galaxy Research, stated that October Since the second half of the month, Bitcoin returns have been driven mainly by the Asian trading session, while the European trading session has weighed on overall performance.
The chart he shared shows that, as of October 20, calculated from October 1 as the starting point, Bitcoin's cumulative return during the Asian trading session was 3.9%, during the U.S. trading session it was 1.1%, and during the European trading session it was -5.5%; over the same period, the return from buying and holding throughout the day was -0.7%.
Original link https://m.theblockbeats.info/flash/373032
Key points
01
BlockBeats said the news was published on October 21。
02
Alex Thorn, Head of Research at Galaxy Research, said that October Since the second half of the month, Bitcoin returns have been driven mainly by the Asian trading session, while the European trading session has weighed on overall performance.
03
The chart he shared uses October 1 as the calculation starting point, with data through October 20。
04
The chart shows that Bitcoin's cumulative return during the Asian trading session was 3.9%, during the U.S. trading session it was 1.1%, and during the European trading session it was -5.5%。
05
Over the same period, the return from buying and holding throughout the day was -0.7%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These data break down Bitcoin's price returns by the Asian, U.S., and European trading sessions. Positive values indicate cumulative gains during that session, while negative values indicate cumulative losses; over the stated period, the Asian session was positive and the European session was negative.
Why it matters to readers
The data show differences in historical returns across trading sessions and can be used to observe whether price performance is concentrated in particular trading sessions, but cannot by itself establish the cause of those differences.
Beginners can use this to understand that the same asset may perform differently across trading sessions, but historical returns do not represent future results and trading decisions should not be made based solely on session data.
Risks and unknowns
The evidence does not include the original chart shared by Alex Thorn.
The evidence does not specify the precise definitions or time zones for the Asian, U.S., and European trading sessions.
The evidence does not specify the complete methodology for calculating cumulative returns.
“October The wording “since the second half of the month” raises a methodological question in relation to “calculated from October 1 as the starting point.”
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Related concepts
cumulative return
This term is not in the glossary yet. Browse related concepts in the glossary.
A passive investment strategy that involves buying an asset and planning to hold it for the long term, without paying excessive attention to short-term market fluctuations.
