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Crypto myth, checked

“Some days of the week are better for Bitcoin”

Mondays dump, Fridays pump, or any other weekday rule.

Not supported by the data

Average daily returns differ a little by weekday, as they always will by chance. The largest difference (Thursday, z = -2.2) is within what luck produces when you compare seven days at once. Monday specifically: z = 1.6. The worst-looking day in this sample is Thursday.

Largest |z|
2.2
Monday z
1.6
Days measured
3,346
Day (UTC)Average returnUp daysTypical moveDays
Monday+0.41%51%1.87%478
Tuesday-0.01%49%1.69%478
Wednesday+0.40%52%1.63%478
Thursday-0.23%46%1.75%478
Friday+0.26%52%1.53%478
Saturday+0.14%56%0.71%478
Sunday+0.07%52%1.25%478

How this was checked. Each weekday's mean daily return against all other days (Welch z-score). With 7 comparisons, |z| above about 3 is needed before a difference means much.

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Recomputed nightly from Binance daily closes. History describes the past; it is not a forecast or advice.