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Bitcoin (BTC) is Symmetric: 10 Best and Worst Days of Each Year

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Bitcoin (BTC), like most cryptocurrencies, has been subject to high volatility since its inception. It is because of its potentially high ROI that it has earned a reputation as a great investment. At the same time, it remains a risk-on asset, as it regularly loses 75-85% of its value during cyclical bear markets.

Data released yesterday by @ecoinometrics provides new insights into Bitcoin volatility. Contrary to popular perceptions, BTC volatility is as much for bulls as it is for bears. Figuratively, this shows that Bitcoin is symmetrical, with its best and worst days usually balancing each other out.

Bitcoin and Its Symmetrical Volatility

A chart published on Twitter shows Bitcoin’s 10 best and worst trading days of each year since 2013. The horizontal scale ranges from -40% to +40% of daily profits or losses. The vertical scale, on the other hand, is consecutive years ordered from the bottom up.

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The blue dots mark the days when Bitcoin generated the lowest profits, i.e. experienced the largest daily decline. The further the dot is to the left, the deeper the decline was. Red dots, on the other hand, represent the days in which Bitcoin made the most profits, i.e. increased the most on a daily basis. Naturally, the further to the right, the greater the profits were.

Bitcoin’s 10 best and worst days since 2013 / Source: Twitter

The first thing that catches the eye, after looking at the chart, is its symmetrical shape. It somewhat resembles the shape of a Christmas tree or a Coca-Cola bottle with a wide bottom. The obvious interpretation of such a distribution of points is dimini

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Author: Jakub Dziadkowiec

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