Bridger Pennington breaks down Bitcoin's 25% jump in four days after weeks flat. An internal study found that removing the top ten crypto market days each year turns Bitcoin's annualized returns from positive to negative. Missing just a handful of days wipes out years of gains.
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So Bitcoin was up about 25% last month, but this happened mostly in the top 4 days. We actually did an internal study on previous years on the top 10 days in the crypto markets per year. If you took those days out, what would be your returns? Up chart here of Bitcoin annualized returns. Here they are green, but if you take away 10 days a year, those are your returns. Look at that. Positive goes to negative. Look at this. That's how much Bitcoin did. That's where you're at there. I mean, huge changes if you're out of the market just for 10 days. This is why it's so hard to time the market in crypto. If you are out of the market for just a few days, it completely nukes your returns. Time in the market beats timing the market.