Bitcoin (BTC) is statistically likely to gain in the coming week as a new futures expiration event comes and goes, co-ordinate to new data.

Compiled by trader an analyst Luke Martin on Nov. 25, figures charting Bitcoin toll performance before and later each expiration prove that overall, higher levels appear later.

Data: BTC stands to gain next week

Martin used CME Grouping's monthly futures as a basis. Among the first futures to hit the market in December 2022, their settlement dates — of which Friday was one — have already attracted attending as a force for moving cost.

Bitcoin price movements around futures settlement dates

Bitcoin cost movements around futures settlement dates. Source: Luke Martin/ Twitter

"Takeaway: By and large feel selling force per unit area before and positive returns subsequently," he summarized.

Per the calculations, a negative return for Bitcoin investors a calendar week before futures payout results in a positive render the post-obit calendar week — 73% of the time.

There are notable exceptions, such as Nov. thirty, 2022 — a calendar week prior, BTC/USD fell one.1%, while after futures settlement, the pair dropped more 18%.

On average, says Martin, post-settlement returns are positive the following calendar week at 2.9%. The calendar week after that fares better still, with an average 3.ix% increase.

By contrast, the week before each consequence sees average losses of two.four%. And so far, final week's performance was worse than usual at five.1%, but settlement week conversely produced 7.7% gains.

Since Friday, CME Bitcoin futures are up effectually 2% with a settled price of $7,800, co-ordinate to the latest data from the visitor.

No bears in futures markets

As Cointelegraph reported, futures markets, in full general, continue to see strong operation despite surly sentiment which has characterized Bitcoin price activeness in recent weeks and months.

This calendar week, fellow operator Bakkt saw a articulate record high for its futures trading volume. The personal all-time came on Nov. 27, when $42.5 1000000 worth of contracts changed hands.

The previous tape was $20.3 million on November. 22, while subsequent days also saw potent functioning. On Friday, Bakkt traded $24.6 million.