Interesting research: the "World Cup effect" in the stock and crypto markets
wublock.substack.com
Author: @0xMavWisdom There has been a magical World Cup spell in traditional financial markets, where the markets perform poorly during most World Cups, and this effect still holds true in the cryptocurrency market. From a year-to-year perspective, the poor performance of the cryptocurrency market during the World Cup year may be related to the fact that the deleveraging cycle after the inherent bubble of the market coincides with the hosting cycle of the World Cup (every four years); In terms of months, the cryptocurrency market during the 2014, 2018 and 2022 World Cups all performed poorly. The poor performance of the cryptocurrency market during this World Cup was especially reflected in the recent slump of tokens of football fans represented by LAZIO and PORTO. During the World Cup, the performance of the cryptocurrency market is like a poisonous spell imposed on it, with the fan Token of the corresponding team plummeting before the start of the tournament, and even goals becoming the best time to “dump”, and even worse when they are scored or lost.
Interesting research: the "World Cup effect" in the stock and crypto markets
Interesting research: the "World Cup effect…
Interesting research: the "World Cup effect" in the stock and crypto markets
Author: @0xMavWisdom There has been a magical World Cup spell in traditional financial markets, where the markets perform poorly during most World Cups, and this effect still holds true in the cryptocurrency market. From a year-to-year perspective, the poor performance of the cryptocurrency market during the World Cup year may be related to the fact that the deleveraging cycle after the inherent bubble of the market coincides with the hosting cycle of the World Cup (every four years); In terms of months, the cryptocurrency market during the 2014, 2018 and 2022 World Cups all performed poorly. The poor performance of the cryptocurrency market during this World Cup was especially reflected in the recent slump of tokens of football fans represented by LAZIO and PORTO. During the World Cup, the performance of the cryptocurrency market is like a poisonous spell imposed on it, with the fan Token of the corresponding team plummeting before the start of the tournament, and even goals becoming the best time to “dump”, and even worse when they are scored or lost.