Bitcoin Weekday Pattern
Wednesday has the highest in-sample mean return and the pattern persists out of sample. The article treats persistence across in-sample and out-of-sample partitions as the criterion for a generalized statistic. The core hypothesis is that…
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Wednesday has the highest in-sample mean return and the pattern persists out of sample. The article treats persistence across in-sample and out-of-sample partitions as the criterion for a generalized statistic. The core hypothesis is that Bitcoin price movement varies systematically by weekday. Aggregating weekday returns across the entire dataset alone can be misleading because extreme events may create a non-persistent average.