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 WINDOWSep 11, 2023
EXPIRY SESSIONSep 15, 2023
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 | +0.14% | -0.30% | +0.92% |
| 3D | +0.87% | -0.57% | +3.37% |
| 5D | +2.23% | -0.57% | +3.65% |
| 7D | +0.17% | -0.65% | +3.65% |
| 14D | +1.41% | -2.07% | +3.65% |
| 30D | +2.46% | -2.07% | +7.84% |
| 90D | +62.17% | -2.07% | +69.60% |
Base price is the last Coinbase BTC-USD daily close completed before the event. These outcomes do not prove the event caused the move.