Intraday patterns of price clustering in Bitcoin
Intraday patterns of price clustering in Bitcoin
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DOI：
10.1186/s40854-021-00307-4
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发表时间：
2022-01-01
影响因子：
8.4
通讯作者：
Tanizaki, Hisashi
中科院分区：
文献类型：
--
作者：
Ma, Donglian;Tanizaki, Hisashi
在本研究中，对以日元（JPY）计价的比特币（BTC）的价格聚类现象进行了调查。它使用逐点数据回答了两个问题。一是BTC/JPY交易中是否存在价格聚类，二是一个交易日内价格聚类的规模如何变化。在统计方法的帮助下，BTC价格的最后两位数字被发现聚集在以“00”结尾的数字上。此外，BTC/JPY在“00”点的聚类尺度在特定的小时间隔内呈下降趋势。本研究对价格聚类和投资者行为的新兴文献有所贡献。
In this study, an investigation is conducted into the phenomenon of price clustering in Bitcoin (BTC) denominated in the Japanese yen (JPY). It answers two questions using tick-by-tick data. The first is whether price clustering exists in BTC/JPY transactions, and the other is how the scale of price clustering varies throughout a trading day. With the assistance of statistical measures, the last two digits of BTC price were discovered to cluster at the numbers that end with '00'. In addition, the scales of BTC/JPY clustering at '00' tended to decline at the specific hour intervals. This study contributes to the emerging literature on price clustering and investor behavior.