What is behind Bitcoin's plunge at 10 a.m.? Economists say the data reveals a different truth

2026-02-26 21:01:08

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Economist Alex Krüger refuted claims circulating online about a systemic “10 a.m. Eastern Time sell-off” in Bitcoin, pointing out that data shows no statistical evidence of repeated sell-offs during that time period. Analysis of the iShares Bitcoin Trust (IBIT) indicates that the cumulative return from 10:00 to 10:30 a.m. was +0.9%, while the return from 10:00 to 10:15 a.m. was -1%. Krüger considers this just volatility, not a predictable decline. He attributes this price fluctuation to broader re-pricing of risk assets, which is also reflected in the Nasdaq opening. Meanwhile, commentator Justin Beagle argued that algorithmic selling at 10 a.m. triggered liquidations, citing a case from December last year, and speculated on the role of major market makers. Krüger maintains that the data does not support the existence of sustained, artificially manipulated sell-offs.

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