Quarterly expiry research
DERIVATIVES · QUARTERLY EXPIRY
Quarterly US Derivatives Expiry
Recurring U.S. equity-index derivatives expiry, also commonly called triple witching or quad witching. It is positioning context, not a directional Bitcoin signal.
STATUSCOMPLETED
ROLL WINDOWDec 14, 2020
EXPIRY SESSIONDec 18, 2020
HOLIDAY ADJUSTEDNo
BTC DATA7/7 windows complete
DIRECTIONAL PRIORNone
OBSERVED BTC PATH · COMPLETED DAILY CANDLES
Bitcoin reaction after expiry
| Horizon | Return | Worst excursion | Best excursion |
|---|---|---|---|
| 1D | +4.48% | -0.25% | +6.02% |
| 3D | -0.43% | -4.00% | +6.46% |
| 5D | +1.76% | -4.00% | +6.46% |
| 7D | +8.23% | -4.00% | +8.52% |
| 14D | +28.85% | -4.00% | +30.06% |
| 30D | +56.92% | -4.00% | +83.94% |
| 90D | +152.54% | -4.00% | +170.69% |
Base price is the last Coinbase BTC-USD daily close completed before the event. These outcomes do not prove the event caused the move.