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Crypto myth, checked

“The full moon moves Bitcoin”

Bitcoin tops near full moons and bottoms near new moons.

Not supported by the data

Across 113 full moons and 113 new moons, Bitcoin's 7-day return after a full moon averaged +0.3% (higher 55% of the time) and after a new moon +1.4% (higher 56%). The gap (z = -0.9) is the kind luck produces.

After full moon
+0.3%
After new moon
+1.4%
Lunar cycles
113
z-score
-0.9
Average 7-day returnHigher after 7 daysCases
Full moon+0.3%55%113
New moon+1.4%56%113

How this was checked. Moon phases from the mean synodic month (29.53 days) from a known new moon; Bitcoin's close on the phase day to 7 days later.

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