🇺🇸 The ratio of #Bitcoin traded in the time frame from 13:00 to 20:00 UTC (equivalent to US trading hours) reached an all-time high in 2024
The trading volume during this time frame accounts for 46% of the total cumulative Bitcoin trading volume in April 2024. This is a very large number.
Many analysts believe that this phenomenon is directly related to the launch of spot Bitcoin ETFs in January 2024. These new Bitcoin ETFs have brought high accessibility and liquidity. than for institutional investors in the United States. This has stimulated strong demand for Bitcoin trading during normal market hours, pushing volumes to unprecedented heights.
