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How does the fiscal quarters calendar affect the trading volume of digital currencies?

avatarSim SimmeringNov 24, 2021 · 3 years ago1 answers

Can you explain how the fiscal quarters calendar impacts the trading volume of digital currencies? What specific factors are influenced by the fiscal quarters calendar and how do they affect the trading volume? Are there any patterns or trends that can be observed in the trading volume during different fiscal quarters?

How does the fiscal quarters calendar affect the trading volume of digital currencies?
Digital Currencies
Trading Volume
Fiscal Quarters

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we have observed that the fiscal quarters calendar does have an impact on the trading volume of digital currencies. During the last month of a fiscal quarter, we often see an increase in trading volume as investors and traders adjust their positions and portfolios. This can be attributed to the fact that many institutional investors and funds have reporting obligations at the end of each quarter, which can lead to increased trading activity. However, it's important to note that the impact of the fiscal quarters calendar on trading volume may vary depending on market conditions and other external factors. It's always advisable to consider multiple factors when analyzing trading volume trends in digital currencies.

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