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 11, 2023
EXPIRY SESSIONDec 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 | -1.84% | -3.26% | -0.81% |
| 3D | -0.88% | -5.86% | -0.63% |
| 5D | +1.50% | -5.86% | +3.01% |
| 7D | +2.29% | -5.86% | +3.25% |
| 14D | -2.24% | -5.86% | +3.25% |
| 30D | -3.09% | -5.86% | +14.12% |
| 90D | +65.86% | -10.52% | +71.60% |
Base price is the last Coinbase BTC-USD daily close completed before the event. These outcomes do not prove the event caused the move.