Bitcoin transaction fees (in sats/kb). Sunday, Saturday are best to move BTC - page 4.

ryap12

member

Activity: 700

Merit: 14

Quote from: joniboini on August 09, 2020, 02:05:55 AM

You can also try your luck with 1 sats/vbyte right now. There's only around 4k unconfirmed transactions for now and if there's not a sudden spike in mempool the rest of that block should include your transactions.

What? Really 1 sat? Deym never tried that before.

To OP and everyone who contributed, thanks for posting the analysis here. This is really helpful and always makes me "back-off" whenever I see the recommended transaction fees on weekdays. Maybe the reason behind why weekends have lower transaction fees are whales and most people are taking an off or away from their work. I should keep this in mind. The difference may be not that much but that will still save some sats. I really do not understand the entire details of the charts but I get the whole picture.

How I wish Centralized Exchanges would decrease their Withdrawal fee too when the network is not busy.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

It is the weekend, guys.

Check on https://jochen-hoenicke.de/queue/#1,24h, you can see that the total size of waiting transactions with fees at 2⁺ is at 2.85 MB, very close to 1 MB. You can get fast confirmation in next few (one or two) blocks with fees at 2 satoshis/ (v)byte.

If you are not in hurry, I expect mempool will be cleared next few hours and transactions with fee at 1 satoshi/ (v)byte can be confirmed. Remember if you use fee at 1 satoshi/ (v)byte, you will have to see your luck, even when fee dips to this rate, it does not mean all transactions at this rate will be filled. You will have to wait for other chances, next days, or next weekend.

HCP

legendary

Activity: 2086

Merit: 4361

Quote from: Stedsm on August 11, 2020, 05:08:23 PM

What will happen when the network rate congests too badly though? I mean, I even sent a transaction with a fee of over 120 sats/vbyte but it got confirmed after 14 hours of long wait. Isn't that something weird? I mean, how can miners just relay high-fee blocks only and leave the lower ones and clog the network intentionally? Is it because the price spike of BTC? But that should rather trigger the fee to go down, no?

Simple reason is because miners are not a charity and want to make money... and blocks have a finite amount of space... and miners have no real control over the time taken to find a valid block, due to the "luck" factor.

It's basic "supply and demand". If the total size of "waiting" transactions >= max block size, then transactions with highest fee rates get priority... if new transactions are created at a rate higher than that at which transactions are being added into blocks, then the size of waiting transactions will easily outgrow the block size... and waits become longer. Then people start increasing the fee rates being paid and then those transactions with the lower fee rates get left behind as miners prioritise the higher fee rate transactions to maximise the returns from their mining.

Stedsm

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Activity: 3052

Merit: 1273

What will happen when the network rate congests too badly though? I mean, I even sent a transaction with a fee of over 120 sats/vbyte but it got confirmed after 14 hours of long wait. Isn't that something weird? I mean, how can miners just relay high-fee blocks only and leave the lower ones and clog the network intentionally? Is it because the price spike of BTC? But that should rather trigger the fee to go down, no?

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: Pmalek on August 09, 2020, 01:56:50 PM

Quote from: tranthidung on August 08, 2020, 11:21:55 PM

...you can move your bitcoin at 2 satoshis/ byte, within next one block or two blocks (if you are very unlucky). There is only 0.24 MB in mempool for unconfirmed transactions with fee rates at 2+ satoshis/ byte.

In that example where the mempool is only 0.24 MB, even a 1 sat/vbyte suffices. But I got your point that you want to make sure that the transaction gets confirmed in the next 1-2 blocks just in case there is a sudden spike.

To save bandwith of people who have bad connections and give them better experience, I did not add a screenshot but here you go:

o_e_l_e_o is right, I recommended 2 sat/ vbyte for people were in hurry and need their transaction get confirmation next one block. For the rest, they can use 1 sat/ vbyte fee and wait a little bit, see their luck, and so on. In reality, a few hours later, mempool was clear and 1 sat/vbyte transactions were all done, fastly than my expectation.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18711

Quote from: Pmalek on August 09, 2020, 01:56:50 PM

In that example where the mempool is only 0.24 MB, even a 1 sat/vbyte suffices.

You misunderstand. 12 hours ago when tranthidung made that post, there was around 10 MB of unconfirmed transactions with a fee rate of 1 sat/vbyte, but very little in the way of unconfirmed transactions which paid more than 1 sat/vbyte. A fee of 1 sat/vbyte would put you over 10 MB from the tip, whereas a fee of 2 sat/vbyte would have put you within 0.24 MB of the tip.

Now, however, the mempool has completely emptied for the first time in almost a month. 1 sat/vbyte is currently getting you confirmed within a couple of blocks at most. The automatic fee algorithms on wallets are still going haywire though, and forcing some people to pay in excess of 200 or even 300 sats/vbyte.

Pmalek

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Activity: 2730

Merit: 7065

Quote from: tranthidung on August 08, 2020, 11:21:55 PM

...you can move your bitcoin at 2 satoshis/ byte, within next one block or two blocks (if you are very unlucky). There is only 0.24 MB in mempool for unconfirmed transactions with fee rates at 2+ satoshis/ byte.

In that example where the mempool is only 0.24 MB, even a 1 sat/vbyte suffices. But I got your point that you want to make sure that the transaction gets confirmed in the next 1-2 blocks just in case there is a sudden spike.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: joniboini on August 09, 2020, 02:05:55 AM

You can also try your luck with 1 sats/vbyte right now. There's only around 4k unconfirmed transactions for now and if there's not a sudden spike in mempool the rest of that block should include your transactions.

I know. My previous advice is for people who still need kinda fast transaction but still want to make it with cheap fees. There is difference in real fees with fee rate at 1 or 2 sat/ (v)byte but if in a hurry, pay a little more is acceptable.

joniboini

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Activity: 2170

Merit: 1789

You can also try your luck with 1 sats/vbyte right now. There's only around 4k unconfirmed transactions for now and if there's not a sudden spike in mempool the rest of that block should include your transactions.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Now, this weekend, on Sunday, as of writing, you can move your bitcoin at 2 satoshis/ byte, within next one block or two blocks (if you are very unlucky). There is only 0.24 MB in mempool for unconfirmed transactions with fee rates at 2+ satoshis/ byte.

I give you the link to 2-weeks chart to help who don't understand can see an overview in last 2 weeks and how mempool has been cleared recent days. It is amazing guys.

FOMO or panic always bring loses to you, even in transaction fee.

https://jochen-hoenicke.de/queue/#1,2w

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Update

In short:

It is time to move or consolidate your bitcoin, at low fees. I suggest you to use fee at 1 satoshi/ byte!
Fee now is cheap but I expect it will be cheaper on Sunday.

Transaction counts over years
There is a spike (all time high) in 2010, I don't know what happened in that year. Roll Eyes

Code:

year | Freq. Percent Cum.
------------+-----------------------------------
   2009 | 32,490 5.07 5.07
   2010 | 67,920 10.60 15.67
   2011 | 59,627 9.31 24.98
   2012 | 54,526 8.51 33.49
   2013 | 63,433 9.90 43.39
   2014 | 58,865 9.19 52.58
   2015 | 54,321 8.48 61.06
   2016 | 54,851 8.56 69.62
   2017 | 55,928 8.73 78.35
   2018 | 54,498 8.51 86.86
   2019 | 54,232 8.47 95.32
   2020 | 29,959 4.68 100.00
------------+-----------------------------------
   Total | 640,650 100.00

This week:

I don't release results on median fees over days of week and hourframes. Because they are medians, they are not changed after few days. I will update such stats each quarter.
Visual updates on temporary status on the network: Unconfirmed transaction count, Pending transaction fee in BTC, Mempool Size in MB

Pay your attention on:

The plummet of unconfirmed transaction count from latest peak at 55086 to 7858 (as of image sreenshotting) ~ a 85.7% decrease.
Mempool size: a 43.1% fall (from 81.44 MB - latest peak - to 46.36 MB)

https://jochen-hoenicke.de/queue/#1,1w

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Yeap. Once again we have witnessed another weekend with weekend effects and fees are cheaper on Sunday than Saturday. There is no clear data interpretation on that but I thought it is because of delayed institutional effects before the weekend - it lasts till Saturday and almost disappears on Sunday.

If you observer the unconfirmed transactions (as of image screenshotting), the total unconfirmed transactions is about 13k. The peak within last week is at 77726 on 17 July 2020. The mempool size even was clearer a few hours ago and you can also look further at the pending transaction fees in BTC.

Keep it in your mind and try to take advantage of the weekend effect on bitcoin transaction fees!

FOMO (in invest, trading, or moving your bitcoin) always have the same endings. Loses: Loses in capital, loses in fees!

Source: https://jochen-hoenicke.de/queue/#1,1w

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

The current high fees on the network makes me curious on the whole picture in the year 2020. So I made it.

Observed data: 2009-01-03 18:15:05 to 2020-07-17 23:58:49 ^{UTC time}
Data for the analysis: in 2020 only
This week is not completed.
Transaction counts (in total) and transaction fees (in median) are lowest. Institutional effects, likely!
Last 3 months (May to July - incompleted) are worst in terms of median transaction fees
July's median transaction fee is ranked at the second highest position. It means in this year, we have still been in a second terrible month to move bitcoin
Some days of week in some months don't have a single empty block

Distributions of transaction counts over days of week (all months)

Code:

+-------------------------------+
   | dofw transaction_count |
   |-------------------------------|
  1. | Sunday 7440452 |
  2. | Saturday 8047853 |
  3. | Monday 8529230 |
  4. | Tuesday 9029388 |
  5. | Wednesday 9068320 |
   |-------------------------------|
  6. | Friday   9164270 |
  7. | Thursday   9235457 |
   +-------------------------------+

An overview on fees (in median) for each specific months

Code:

+----------------------------------------------------------------------------------+
   | rank_median month2 median p25 p75 iqr min max |
   |----------------------------------------------------------------------------------|
  1. | 1 2020m1 11237.8 7974.35 15450.7 7476.35 0 240323 |
  2. | 2 2020m4 13039.5 8458.81 19066.3 10607.49 0 197133 |
  3. | 3 2020m2 14276.15 10302.6 19841 9538.4 0 251598 |
  4. | 4 2020m3 19106.9 11647.7 35121.6 23473.9 0 142473 |
  5. | 5 2020m6 19866.5 12690.8 30347.8 17657 0 123531 |
   |----------------------------------------------------------------------------------|
  6. | 6 2020m7 24357.8 15701.7 36416.1 20714.4 0 76476.4 |
  7. | 7 2020m5 52486.8 29246.55 83784.45 54537.9 0 205993 |
   +----------------------------------------------------------------------------------+

Days of week ^{all months}

Code:

+------------------------------------------------------------------------------------+
   | rank_median dofw median p25 p75 iqr min max |
   |------------------------------------------------------------------------------------|
  1. | 1 Sunday 12990.55 8798.1 20518.5 11720.4 0 188742 |
  2. | 2 Saturday 14596.7 9338.52 24039 14700.48 0 251598 |
  3. | 3 Monday 16079.3 10333.9 27268.9 16935 0 186707 |
  4. | 4 Tuesday 18001.05 11664.85 30355.45 18690.6 0 189464 |
  5. | 5 Wednesday 19009.3 11701.1 33336.6 21635.5 0 240323 |
   |------------------------------------------------------------------------------------|
  6. | 6 Friday 19721 11925.1 37541.6 25616.5 0 200909 |
  7. | 7 Thursday 20085 11967.6 37479.7 25512.1 0 205993 |
   +------------------------------------------------------------------------------------+

Days of week ^{each month}
Monday

Code:

+----------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |----------------------------------------------------------------------------------------------|
  1. | 1 Monday 2020m1 11065.2 8280.35 14753.6 6473.25 1343.93 82029.4 |
  2. | 2 Monday 2020m4 12074.6 8105.71 16555.8 8450.091 0 82216.3 |
  3. | 3 Monday 2020m2 12826 9031.225 18244.6 9213.375 0 80336.2 |
  4. | 4 Monday 2020m3 16284.4 10623 31499.9 20876.9 0 85179.1 |
  5. | 5 Monday 2020m7 21091.3 14046.1 26860.3 12814.2 0 59413.9 |
   |----------------------------------------------------------------------------------------------|
  6. | 6 Monday 2020m6 21506.8 14749.4 30758.4 16009 0 113333 |
  7. | 7 Monday 2020m5 46640 27070.85 80173.45 53102.6 0 186707 |
   +----------------------------------------------------------------------------------------------+

Tuesday

Code:

+-------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |-------------------------------------------------------------------------------------------|
  1. | 1 Tuesday 2020m1 12468.4 9224.685 17016.6 7791.915 0 82633 |
  2. | 2 Tuesday 2020m4 13149.7 8409.79 17968.5 9558.71 0 78876.4 |
  3. | 3 Tuesday 2020m2 14651.7 11026.2 20344.9 9318.7 0 90763.9 |
  4. | 4 Tuesday 2020m3 17838.5 11674.4 27421 15746.6 0 92957 |
  5. | 5 Tuesday 2020m6 24675.15 16409.85 35860.6 19450.75 0 123531 |
   |-------------------------------------------------------------------------------------------|
  6. | 6 Tuesday 2020m7 27131.7 19530.3 35742.3 16212 0 72278.5 |
  7. | 7 Tuesday 2020m5 56838.5 30809.7 84986.3 54176.6 0 189464 |
   +-------------------------------------------------------------------------------------------+

Wednesday

Code:

+--------------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |--------------------------------------------------------------------------------------------------|
  1. | 1 Wednesday 2020m1 12112.1 8270.95 16659 8388.05 0 240323 |
  2. | 2 Wednesday 2020m4 14702.95 9699.57 21919.8 12220.23 0 197133 |
  3. | 3 Wednesday 2020m2 17091.3 12453.8 22552 10098.2 0 92302.1 |
  4. | 4 Wednesday 2020m3 20265.25 11716.7 41979.4 30262.7 702.706 85187.9 |
  5. | 5 Wednesday 2020m6 26878.4 16771.35 36902.95 20131.6 0 89510.2 |
   |--------------------------------------------------------------------------------------------------|
  6. | 6 Wednesday 2020m7 29280.5 18526.7 40541.6 22014.9 1849.94 74139.4 |
  7. | 7 Wednesday 2020m5 56022.95 32666.1 90646.4 57980.3 0 197230 |
   +--------------------------------------------------------------------------------------------------+

Thursday

Code:

+-------------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |-------------------------------------------------------------------------------------------------|
  1. | 1 Thursday 2020m1 11672.95 8504.435 16416.45 7912.015 821.18 81195.2 |
  2. | 2 Thursday 2020m2 16973.5 12197.8 22640.5 10442.7 1292.8 86109.2 |
  3. | 3 Thursday 2020m4 17212.05 11592.8 27691.6 16098.8 0 138973 |
  4. | 4 Thursday 2020m6 23297 11698.65 33280.95 21582.3 0 80548.4 |
  5. | 5 Thursday 2020m3 24512.8 13920.7 43091.8 29171.1 0 95171.9 |
   |-------------------------------------------------------------------------------------------------|
  6. | 6 Thursday 2020m7 33261.25 21166.3 44209.15 23042.85 0 74246.5 |
  7. | 7 Thursday 2020m5 70633.5 42657.2 103595 60937.8 1490.91 205993 |
   +-------------------------------------------------------------------------------------------------+

Friday

Code:

+-------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |-------------------------------------------------------------------------------------------|
  1. | 1 Friday 2020m1 11769.7 8148.52 16228 8079.48 0 131115 |
  2. | 2 Friday 2020m4 15207.45 10764.7 20748.2 9983.499 0 82460.6 |
  3. | 3 Friday 2020m2 15607.7 11396.9 21536.8 10139.9 0 85322.6 |
  4. | 4 Friday 2020m6 20411.9 11973.7 30763.9 18790.2 0 75653.9 |
  5. | 5 Friday 2020m3 30268.85 15747.55 53790.45 38042.9 0 142473 |
   |-------------------------------------------------------------------------------------------|
  6. | 6 Friday 2020m7 31586.75 20852 45536.4 24684.4 0 76476.4 |
  7. | 7 Friday 2020m5 74851.5 47626.3 98965.3 51339 0 200909 |
   +-------------------------------------------------------------------------------------------+

Saturday

Code:

+-----------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |-----------------------------------------------------------------------------------------------|
  1. | 1 Saturday 2020m1 9883.97 7325.25 13309.5 5984.25 0 74514.7 |
  2. | 2 Saturday 2020m4 10240.65 6618.39 14418.6 7800.209 0 66849.5 |
  3. | 3 Saturday 2020m2 12847.9 9250.91 17031.5 7780.59 0 251598 |
  4. | 4 Saturday 2020m6 16473.6 11429.1 21654.1 10225 0 116532 |
  5. | 5 Saturday 2020m7 18815.3 11427.6 24077 12649.4 0 53423.3 |
   |-----------------------------------------------------------------------------------------------|
  6. | 6 Saturday 2020m3 21083.85 12387.8 32841.2 20453.4 1147.92 102597 |
  7. | 7 Saturday 2020m5 44420.5 22714.4 69373.1 46658.7 0 189976 |
   +-----------------------------------------------------------------------------------------------+

Sunday

Code:

+-----------------------------------------------------------------------------------------------+
   | rank_median dofw month2 median p25 p75 iqr min max |
   |-----------------------------------------------------------------------------------------------|
  1. | 1 Saturday 2020m1 9883.97 7325.25 13309.5 5984.25 0 74514.7 |
  2. | 2 Saturday 2020m4 10240.65 6618.39 14418.6 7800.209 0 66849.5 |
  3. | 3 Saturday 2020m2 12847.9 9250.91 17031.5 7780.59 0 251598 |
  4. | 4 Saturday 2020m6 16473.6 11429.1 21654.1 10225 0 116532 |
  5. | 5 Saturday 2020m7 18815.3 11427.6 24077 12649.4 0 53423.3 |
   |-----------------------------------------------------------------------------------------------|
  6. | 6 Saturday 2020m3 21083.85 12387.8 32841.2 20453.4 1147.92 102597 |
  7. | 7 Saturday 2020m5 44420.5 22714.4 69373.1 46658.7 0 189976 |
   +-----------------------------------------------------------------------------------------------+

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Weekend to come so please consolidate your coins and / or move your funds to save fees. If you don't have need to move your coins, consolidate them instead (at 1 satoshi/byte).

Look at below statistics for latest update and compare median transaction fees (in satoshis/ kB) on Sunday and Saturday to Friday:

Friday: 18471
Saturday: 14258 (22.8% cheaper)
Sunday: 12701 (31.2% cheaper)

Remember they are for median fees over those three days of week. You can always save fees by consolidating/moving your BTC at 1 satoshi/byte.

Check best hour frames there ^{(1 - 6 UTC)}

Details

Quote from: tranthidung on July 03, 2020, 10:47:28 AM

Fees per kb
Days of week

Code:

+---------------------------------------------------------------------------------+
   | rank_median dofw median p25 p75 iqr min max |
   |---------------------------------------------------------------------------------|
  1. | 1 Sunday 12700.8 8690.33 20556.8 11866.47 0 188742 |
  2. | 2 Saturday 14257.6 9221.46 24028.1 14806.64 0 251598 |
  3. | 3 Monday 15810.1 10102.7 27392.7 17290 0 186707 |
  4. | 4 Tuesday 17296 11337.8 29133.3 17795.5 0 189464 |
  5. | 5 Wednesday 18283.3 11404 32239.9 20835.9 0 240323 |
   |---------------------------------------------------------------------------------|
  6. | 6 Friday 18470.4 11586.7 35324 23737.3 0 200909 |
  7. | 7 Thursday 18698.7 11583.7 35223.6 23639.9 0 205993 |
   +---------------------------------------------------------------------------------+

Code:

. di (18471-14258)/18471*100
22.808727

. di (18471-12701)/18471*100
31.238157

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

For specific days of week

Transaction count
Sunday

Code:

+---------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |---------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 255 18 1028 1010 1 5944 |
  2. | 2 7 - 12 UTC 270 19 1150 1131 1 6144 |
  3. | 3 19 - 0 UTC 338 27 1277 1250 1 5866 |
  4. | 4 13 - 18 UTC 375 23 1541 1518 1 5787 |
   +---------------------------------------------------------------------+

Code:

+------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |------------------------------------------------------------------|
  1. | 1 5 239 18 950 932 1 5944 |
  2. | 2 6 240 15 1042 1027 1 3789 |
  3. | 3 10 256 15 1103 1088 1 3527 |
  4. | 4 3 257.5 17 1067 1050 1 4968 |
  5. | 5 4 258 20 1022 1002 1 5682 |
   |------------------------------------------------------------------|
  6. | 6 7 258 19 1024 1005 1 5593 |
  7. | 7 1 258.5 18 1062 1044 1 4342 |
  8. | 8 2 259 21 999.5 978.5 1 3846 |
  9. | 9 9 261 17 1124 1107 1 3499 |
10. | 10 8 271 19 1153 1134 1 6144 |
   |------------------------------------------------------------------|
11. | 11 11 285 22 1131 1109 1 5550 |
12. | 12 23 297 22 1141 1119 1 5866 |
13. | 13 12 298 22 1349 1327 1 5201 |
14. | 14 0 319 26 1107 1081 1 3868 |
15. | 15 14 328.5 18 1561 1543 1 3972 |
   |------------------------------------------------------------------|
16. | 16 22 333 31 1255.5 1224.5 1 3781 |
17. | 17 21 338 24 1329 1305 1 4348 |
18. | 18 19 361.5 30 1398 1368 1 3693 |
19. | 19 18 367 27 1569 1542 1 5459 |
20. | 20 13 368.5 18 1330 1312 1 3851 |
   |------------------------------------------------------------------|
21. | 21 17 377 26 1567.5 1541.5 1 5787 |
22. | 22 15 407 23 1717 1694 1 3856 |
23. | 23 16 409 29 1559 1530 1 3912 |
24. | 24 20 412 32 1415 1383 1 3732 |
   +------------------------------------------------------------------+

Monday

Code:

+--------------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |--------------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 1750 847.5 2442.5 1595 1 4043 |
  2. | 2 7 - 12 UTC 2403.5 1921 2691.5 770.5 1 3505 |
  3. | 3 19 - 0 UTC 2491 1875 2887 1012 1 3786 |
  4. | 4 13 - 18 UTC 2544 2075 2839 764 1 3653 |
   +--------------------------------------------------------------------------+

Code:

+---------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |---------------------------------------------------------------------|
  1. | 1 5 1525 699 2388 1689 14 4043 |
  2. | 2 3 1657 830 2408 1578 21 3109 |
  3. | 3 2 1664 738 2310 1572 1 3930 |
  4. | 4 1 1746 992 2520 1528 29 3665 |
  5. | 5 4 1856 819 2461 1642 57 3159 |
   |---------------------------------------------------------------------|
  6. | 6 0 1910 1115 2627 1512 1 3786 |
  7. | 7 6 2009 1120 2549 1429 1 3469 |
  8. | 8 13 2065 1631 2552 921 894 3323 |
  9. | 9 8 2214 1845 2572 727 3 3059 |
10. | 10 7 2296 1311 2613 1302 59 3172 |
   |---------------------------------------------------------------------|
11. | 11 22 2319.5 1612 2760.5 1148.5 38 3781 |
12. | 12 9 2394 1861 2625 764 1 3285 |
13. | 13 11 2396 1929 2728 799 1 3505 |
14. | 14 14 2446 2060 2702 642 1 3407 |
15. | 15 23 2462.5 1731 2882 1151 1 3772 |
   |---------------------------------------------------------------------|
16. | 16 10 2471 2098 2677 579 87 3163 |
17. | 17 21 2522 2046 2851 805 102 3560 |
18. | 18 16 2578 2181 2870 689 216 3562 |
19. | 19 12 2593.5 2276.5 2808.5 532 231 3243 |
20. | 20 19 2640 2077.5 3014.5 937 425 3491 |
   |---------------------------------------------------------------------|
21. | 21 18 2651 2192 2950 758 1 3565 |
22. | 22 15 2663 2227 2835 608 212 3553 |
23. | 23 17 2689 2338 2947 609 168 3653 |
24. | 24 20 2699 2364 3009 645 1 3662 |
   +---------------------------------------------------------------------+

Tuesday

Code:

+--------------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |--------------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 2011.5 1146.5 2539 1392.5 1 3487 |
  2. | 2 7 - 12 UTC 2446.5 1849 2724 875 1 3729 |
  3. | 3 19 - 0 UTC 2456 1868 2858 990 1 3656 |
  4. | 4 13 - 18 UTC 2582.5 2164.5 2898 733.5 1 3685 |
   +--------------------------------------------------------------------------+

Code:

+--------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |--------------------------------------------------------------------|
  1. | 1 6 1761 1035 2384 1349 48 3205 |
  2. | 2 5 1774.5 959.5 2602.5 1643 1 3441 |
  3. | 3 4 1910 948 2448 1500 21 3265 |
  4. | 4 0 2115.5 1280 2620 1340 1 3572 |
  5. | 5 2 2140 1611 2538 927 40 3353 |
   |--------------------------------------------------------------------|
  6. | 6 3 2147 1489 2605 1116 49 3243 |
  7. | 7 1 2177 1267 2670 1403 71 3487 |
  8. | 8 13 2189.5 1555 2572 1017 102 3448 |
  9. | 9 7 2281 1370 2643 1273 1 3272 |
10. | 10 23 2301.5 1257 2827 1570 59 3629 |
   |--------------------------------------------------------------------|
11. | 11 8 2336 1738 2630 892 184 3496 |
12. | 12 22 2340.5 1842 2804 962 1 3536 |
13. | 13 14 2489.5 2111 2782.5 671.5 1 3472 |
14. | 14 12 2493.5 1892.5 2773 880.5 1 3539 |
15. | 15 9 2496.5 1976 2722 746 470 3729 |
   |--------------------------------------------------------------------|
16. | 16 10 2513 2162 2736 574 80 3240 |
17. | 17 11 2568 1933 2802 869 1 3451 |
18. | 18 21 2571 2080 2899 819 1 3656 |
19. | 19 19 2640 2211 2951 740 1 3548 |
20. | 20 20 2654 2090 2961 871 42 3619 |
   |--------------------------------------------------------------------|
21. | 21 15 2666.5 2363 2928 565 1 3685 |
22. | 22 18 2668 2253.5 2948.5 695 1 3664 |
23. | 23 16 2683 2205 2933 728 1 3328 |
24. | 24 17 2783 2423 2980 557 1 3466 |
   +--------------------------------------------------------------------+

Wednesday

Code:

+--------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |--------------------------------------------------------------------|
  1. | 1 4 1873.5 911 2413 1502 1 3333 |
  2. | 2 6 1900.5 1103.5 2489.5 1386 55 3437 |
  3. | 3 3 1963 1008 2458 1450 25 3135 |
  4. | 4 2 2031.5 1255 2524 1269 1 3380 |
  5. | 5 5 2032 1350 2566 1216 64 3323 |
   |--------------------------------------------------------------------|
  6. | 6 0 2157 1339.5 2678.5 1339 1 3630 |
  7. | 7 7 2222 1392 2688 1296 20 3288 |
  8. | 8 13 2242.5 1479 2638 1159 1 3202 |
  9. | 9 1 2293 982 2728 1746 32 3379 |
10. | 10 8 2339 1661 2712 1051 33 3352 |
   |--------------------------------------------------------------------|
11. | 11 10 2362 1718 2627 909 1 3261 |
12. | 12 23 2388 1564 2858 1294 1 3642 |
13. | 13 14 2515 2013 2816 803 2 3457 |
14. | 14 11 2544 1920 2780 860 1 3514 |
15. | 15 9 2553 2085.5 2835.5 750 1 3259 |
   |--------------------------------------------------------------------|
16. | 16 22 2591 2066.5 2865 798.5 152 3577 |
17. | 17 12 2596 2244 2811 567 324 3328 |
18. | 18 20 2600 2155 2863 708 220 3520 |
19. | 19 18 2603 2199 2923 724 126 3548 |
20. | 20 21 2646 2127 2940 813 359 3552 |
   |--------------------------------------------------------------------|
21. | 21 19 2647 2150 3034 884 1 3596 |
22. | 22 15 2659 2241 2944 703 13 3322 |
23. | 23 16 2664 2323.5 2870 546.5 268 3428 |
24. | 24 17 2751.5 2503.5 2982.5 479 1 3582 |
   +--------------------------------------------------------------------+

Code:

+--------------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |--------------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 2002 1087 2526 1439 1 3437 |
  2. | 2 7 - 12 UTC 2459 1884.5 2759.5 875 1 3514 |
  3. | 3 19 - 0 UTC 2525 1932 2887 955 1 3642 |
  4. | 4 13 - 18 UTC 2597 2143 2883 740 1 3582 |
   +--------------------------------------------------------------------------+

Thursday

Code:

+----------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |----------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 2057 1176 2559 1383 1 3867 |
  2. | 2 7 - 12 UTC 2446 1943 2710 767 1 3468 |
  3. | 3 19 - 0 UTC 2467 1787 2819 1032 1 3775 |
  4. | 4 13 - 18 UTC 2539 2020 2860 840 1 4377 |
   +----------------------------------------------------------------------+

Code:

+--------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |--------------------------------------------------------------------|
  1. | 1 4 1928 770 2515 1745 79 3481 |
  2. | 2 5 1952.5 1085 2536 1451 1 3609 |
  3. | 3 13 1991 1559.5 2543 983.5 21 4377 |
  4. | 4 3 2026.5 1053 2533 1480 44 3336 |
  5. | 5 0 2119 1350 2647 1297 1 3775 |
   |--------------------------------------------------------------------|
  6. | 6 6 2134 1433 2589 1156 16 3192 |
  7. | 7 2 2138.5 1577 2574 997 22 3867 |
  8. | 8 1 2154.5 1519 2651 1132 1 3488 |
  9. | 9 22 2261 1575 2754 1179 1 3425 |
10. | 10 8 2302.5 1723.5 2550.5 827 187 3222 |
   |--------------------------------------------------------------------|
11. | 11 10 2333.5 1629 2656 1027 1 3144 |
12. | 12 7 2371.5 1924 2636 712 124 3213 |
13. | 13 23 2438 1539 2799 1260 203 3748 |
14. | 14 14 2511 2073.5 2818.5 745 1 3483 |
15. | 15 12 2513 2180 2767.5 587.5 1 3468 |
   |--------------------------------------------------------------------|
16. | 16 20 2517 1787 2853 1066 149 3639 |
17. | 17 18 2534 2082 2814 732 1 3576 |
18. | 18 11 2552 2062 2761 699 129 3362 |
19. | 19 9 2561 2210.5 2787.5 577 1 3219 |
20. | 20 21 2599.5 2159.5 2892 732.5 49 3732 |
   |--------------------------------------------------------------------|
21. | 21 17 2635 2108.5 2951.5 843 101 3712 |
22. | 22 15 2642 2256 2898 642 105 3658 |
23. | 23 19 2665 2170 2924 754 209 3574 |
24. | 24 16 2695.5 2213.5 2969.5 756 1 3481 |
   +--------------------------------------------------------------------+

Friday

Code:

+----------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |----------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 2032 1196 2589 1393 1 3926 |
  2. | 2 7 - 12 UTC 2407 1785 2723 938 1 3518 |
  3. | 3 19 - 0 UTC 2505 1810 2883 1073 1 3809 |
  4. | 4 13 - 18 UTC 2599 2155 2887 732 1 3711 |
   +----------------------------------------------------------------------+

Code:

+---------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |---------------------------------------------------------------------|
  1. | 1 3 1743 1052 2422 1370 33 3410 |
  2. | 2 2 1898.5 1008 2390 1382 49 3513 |
  3. | 3 4 1933.5 1240 2447 1207 12 3926 |
  4. | 4 5 2121 1143 2696 1553 1 3434 |
  5. | 5 13 2146 1628.5 2647 1018.5 1 3351 |
   |---------------------------------------------------------------------|
  6. | 6 0 2182 1337.5 2687.5 1350 17 3514 |
  7. | 7 1 2199 1340 2851 1511 73 3652 |
  8. | 8 8 2255.5 1543.5 2600 1056.5 1 3489 |
  9. | 9 7 2314 1470 2639 1169 1 3518 |
10. | 10 6 2323 1393 2718 1325 25 3582 |
   |---------------------------------------------------------------------|
11. | 11 9 2397 1315 2723 1408 81 3369 |
12. | 12 14 2440 1975 2789 814 1 3330 |
13. | 13 12 2491 2158 2757 599 107 3423 |
14. | 14 10 2495 2109 2744 635 1 3426 |
15. | 15 20 2511 2003 2834 831 1 3578 |
   |---------------------------------------------------------------------|
16. | 16 11 2512.5 1871 2823 952 32 3228 |
17. | 17 23 2523 1686 2959 1273 42 3535 |
18. | 18 22 2562 1973 2903 930 78 3666 |
19. | 19 19 2562.5 1839 2918.5 1079.5 1 3809 |
20. | 20 21 2627 2049.5 2960 910.5 22 3566 |
   |---------------------------------------------------------------------|
21. | 21 18 2659 2153 2898 745 32 3711 |
22. | 22 15 2699 2369 2914 545 1 3503 |
23. | 23 16 2720 2356 2929 573 1 3653 |
24. | 24 17 2783 2529 2979 450 719 3469 |
   +---------------------------------------------------------------------+

Saturday

Code:

+--------------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |--------------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 1796 940 2511 1571 1 3712 |
  2. | 2 7 - 12 UTC 2210 1205 2665 1460 1 3908 |
  3. | 3 19 - 0 UTC 2231.5 1159.5 2801 1641.5 1 3809 |
  4. | 4 13 - 18 UTC 2374.5 1689 2790 1101 1 3797 |
   +--------------------------------------------------------------------------+

Code:

+-------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |-------------------------------------------------------------------|
  1. | 1 6 1481 893 2341 1448 1 3438 |
  2. | 2 4 1671 749 2389 1640 14 3712 |
  3. | 3 5 1691 915 2625 1710 19 3535 |
  4. | 4 13 1785 1396 2298 902 1 3053 |
  5. | 5 21 1915 838 2779 1941 43 3809 |
   |-------------------------------------------------------------------|
  6. | 6 23 1964 971 2826 1855 1 3652 |
  7. | 7 8 1970 984 2511 1527 1 3908 |
  8. | 8 3 1980 1018 2548 1530 46 3595 |
  9. | 9 9 1987 920 2527 1607 19 3401 |
10. | 10 1 2010 1045 2695 1650 1 3485 |
   |-------------------------------------------------------------------|
11. | 11 2 2050 1228.5 2532.5 1304 1 3542 |
12. | 12 0 2127 996 2705 1709 29 3451 |
13. | 13 22 2165 1140 2721 1581 36 3679 |
14. | 14 10 2198 1073 2630 1557 104 3375 |
15. | 15 11 2259 1262 2779 1517 14 3405 |
   |-------------------------------------------------------------------|
16. | 16 20 2313 1512 2787 1275 48 3622 |
17. | 17 14 2335 1898 2710 812 1 3605 |
18. | 18 7 2354 1247 2742 1495 43 3364 |
19. | 19 18 2433 1772 2832 1060 1 3564 |
20. | 20 12 2478 1790 2736 946 1 3317 |
   |-------------------------------------------------------------------|
21. | 21 16 2500.5 1856 2809 953 1 3459 |
22. | 22 15 2518 1884 2905 1021 46 3490 |
23. | 23 17 2587 1795 2885 1090 1 3797 |
24. | 24 19 2612 1971 2966 995 1 3515 |
   +-------------------------------------------------------------------+

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Updates for weekend and institutional effects

Transaction counts

Days of week

Code:

+--------------------------------------------------------------------+
| rank_median dofw median p25 p75 iqr min max |
|--------------------------------------------------------------------|
1. | 1 Sunday 1919 935 2598 1663 1 3912 |
2. | 2 Saturday 2183 1223 2704 1481 1 3908 |
3. | 3 Monday 2364 1634 2747 1113 1 4043 |
4. | 4 Tuesday 2395 1751 2776 1025 1 3729 |
5. | 5 Thursday 2402 1762 2758 996 1 4377 |
|--------------------------------------------------------------------|
6. | 6 Friday 2414 1721 2798 1077 1 3926 |
7. | 7 Wednesday 2428 1760 2787 1027 1 3642 |
+--------------------------------------------------------------------+

4 hour frames

Code:

+--------------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |--------------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 1902 996 2509.5 1513.5 1 4043 |
  2. | 2 7 - 12 UTC 2363 1606 2699 1093 1 3908 |
  3. | 3 19 - 0 UTC 2416 1621 2845.5 1224.5 1 3809 |
  4. | 4 13 - 18 UTC 2514 1975 2853 878 1 4377 |
   +--------------------------------------------------------------------------+

Specific hours

Code:

+---------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |---------------------------------------------------------------------|
  1. | 1 5 1745 884 2538.5 1654.5 1 4043 |
  2. | 2 4 1837 843 2425 1582 1 3926 |
  3. | 3 3 1898.5 1008 2481 1473 21 3595 |
  4. | 4 2 1912 1076 2457 1381 1 3930 |
  5. | 5 6 1929 1063.5 2498 1434.5 1 3789 |
   |---------------------------------------------------------------------|
  6. | 6 13 2048.5 1464 2531 1067 1 4377 |
  7. | 7 1 2064 1086 2674 1588 1 3684 |
  8. | 8 0 2070 1099 2642.5 1543.5 1 3786 |
  9. | 9 8 2179 1493 2577 1084 1 3908 |
10. | 10 7 2273 1278 2646 1368 1 3518 |
   |---------------------------------------------------------------------|
11. | 11 22 2326 1575.5 2790 1214.5 1 3781 |
12. | 12 23 2331 1321 2844 1523 1 3772 |
13. | 13 10 2364 1694.5 2658.5 964 1 3426 |
14. | 14 9 2372 1540 2700 1160 1 3729 |
15. | 15 14 2409.5 1948.5 2749 800.5 1 3605 |
   |---------------------------------------------------------------------|
16. | 16 11 2441 1698.5 2765.5 1067 1 3514 |
17. | 17 21 2496 1745 2881 1136 1 3809 |
18. | 18 12 2503 1978 2776 798 1 3539 |
19. | 19 20 2519.5 1926.5 2885.5 959 1 3662 |
20. | 20 18 2557.5 2033 2890 857 1 3711 |
   |---------------------------------------------------------------------|
21. | 21 16 2602 2164 2888 724 1 3912 |
22. | 22 19 2610 2009 2943 934 1 3809 |
23. | 23 15 2630 2180 2903 723 1 3685 |
24. | 24 17 2685 2238 2959 721 1 3797 |
   +---------------------------------------------------------------------+

Fees per kb
Days of week

Code:

+---------------------------------------------------------------------------------+
| rank_median dofw median p25 p75 iqr min max |
|---------------------------------------------------------------------------------|
1. | 1 Sunday 12700.8 8690.33 20556.8 11866.47 0 188742 |
2. | 2 Saturday 14257.6 9221.46 24028.1 14806.64 0 251598 |
3. | 3 Monday 15810.1 10102.7 27392.7 17290 0 186707 |
4. | 4 Tuesday 17296 11337.8 29133.3 17795.5 0 189464 |
5. | 5 Wednesday 18283.3 11404 32239.9 20835.9 0 240323 |
|---------------------------------------------------------------------------------|
6. | 6 Friday 18470.4 11586.7 35324 23737.3 0 200909 |
7. | 7 Thursday 18698.7 11583.7 35223.6 23639.9 0 205993 |
+---------------------------------------------------------------------------------+

4 hour frames

Code:

+--------------------------------------------------------------------------------------+
   | rank_median hour_frame median p25 p75 iqr min max |
   |--------------------------------------------------------------------------------------|
  1. | 1 1 - 6 UTC 14715.75 9900.97 23627.65 13726.68 0 179317 |
  2. | 2 7 - 12 UTC 15385 9859.04 27262.2 17403.16 0 240323 |
  3. | 3 19 - 0 UTC 15526.9 9584.255 28404.7 18820.45 0 251598 |
  4. | 4 13 - 18 UTC 20462 12816.1 37721.7 24905.6 0 205993 |
   +--------------------------------------------------------------------------------------+

Specific hours

Code:

+-----------------------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |-----------------------------------------------------------------------------------|
  1. | 1 23 13672.5 8924.76 25592.5 16667.74 0 197133 |
  2. | 2 0 13974.3 8839.105 23478.65 14639.54 0 251598 |
  3. | 3 6 13974.5 9788.5 22205.45 12416.95 0 179317 |
  4. | 4 5 14066.3 9908.475 20872.65 10964.18 0 158879 |
  5. | 5 1 14225.4 9301.72 23568.6 14266.88 0 153043 |
   |-----------------------------------------------------------------------------------|
  6. | 6 4 14648.5 9749.46 23919.4 14169.94 0 170940 |
  7. | 7 11 14746.1 9253.01 26180.15 16927.14 0 184278 |
  8. | 8 8 14754.7 9768.505 25968.8 16200.3 0 163804 |
  9. | 9 7 15214.3 10228.3 25028.7 14800.4 0 172784 |
10. | 10 22 15233.3 9400.43 30033.5 20633.07 0 175237 |
   |-----------------------------------------------------------------------------------|
11. | 11 3 15264.15 10360.4 24253.3 13892.9 702.706 151196 |
12. | 12 9 15411.3 10056.1 27745.4 17689.3 0 163924 |
13. | 13 10 15793.8 10048.1 27756.1 17708 0 240323 |
14. | 14 21 15954.7 9574.7 29815.7 20241 0 165064 |
15. | 15 2 16281.25 10476.9 26734.1 16257.2 0 171137 |
   |-----------------------------------------------------------------------------------|
16. | 16 12 17040.6 9942.12 31164.4 21222.28 0 191862 |
17. | 17 20 17292.65 10539.9 32032.15 21492.25 0 195694 |
18. | 18 19 17643.5 10512.7 31874.1 21361.4 0 182568 |
19. | 19 18 19047.3 11483.9 33592.4 22108.5 0 184813 |
20. | 20 15 19439.85 12662.85 34582.15 21919.3 0 197136 |
   |-----------------------------------------------------------------------------------|
21. | 21 17 19527.35 12374 35840.9 23466.9 0 188799 |
22. | 22 14 19864.95 12991.75 33917.3 20925.55 0 203965 |
23. | 23 16 20149.8 12503.3 34950.6 22447.3 0 205993 |
24. | 24 13 26047.5 15521.4 60192.1 44670.7 0 203426 |
   +-----------------------------------------------------------------------------------+

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

The article is interesting: https://cointelegraph.com/news/set-your-alarms-most-bitcoin-is-now-traded-during-these-hours
It, once again, confirms that weekends are good periods to move bitcoin, with often cheaper fees than in other days of week. You can always look at mempool and choose time to move your bitcoin at cheapest fees but generally you should do this in weekends.

Regarding to time frames of day, my previous analysis for the whole period since 2018 so I will do another one for this year (2020) only and compare my results with what are given by the article.

Quality of the image is not good.

Quote

Further data from on-chain analyst Skew confirms the trend. At present, around 4 pm UTC marks the most intense time of day for Bitcoin trading.

Again using Coinbase, in addition to Binance, Skew finds that midweek is also more intense than the start or end of the working week. Weekends, as is often noted, are quieter still.

As an example, over the past 30 days, Coinbase saw an average of $6.5 million in volume between 3 pm and 4 pm UTC. The quietest hour, 9 am, saw just $2 million.

Those times correspond to around 12 pm EST, or 2.5 hours after NY markets officially open.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: MrFreeDragon on June 30, 2020, 06:40:20 AM

Very nice analysis and presentation. I felt that Sundays/Saturdays were the best weekdays in the context of transaction fees, but you proved it!
Thank you!

You can get visual proofs from the Jochen-hoenicke.de site. To observe the weekend effects, you have to choose the last 30 days graph (choose 30d for Period tab) or simply click the link https://jochen-hoenicke.de/queue/#1,30d

Quote from: LoyceV on May 23, 2020, 12:40:35 PM

This confirms what I knew already: Sunday's are the best days to consolidate small inputs.
Johoe's Bitcoin Mempool Size Statistics gives a very good (graphical) overview of recent (or all-time) fees.

MrFreeDragon

sr. member

Activity: 443

Merit: 350

Very nice analysis and presentation. I felt that Sundays/Saturdays were the best weekdays in the context of transaction fees, but you proved it!
Thank you!

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Interesting updates for you guys. Let's rock!

Sundays are better than Saturdays to move bitcoin with lower median fees.
The best hour-frame to move bitcoin is from 19 - 0 UTC.
There are likely changes in best hour-frame from institutional capital (see the changes in best hour-frame between 3 periods 2011 - 2013; 2014 - 2017 and 2018 - 2020. You can easily see the hour-frame 19 - 0 UTC slowly climbs up to the top (from most expensive to cheapest.

Note:

hour: in UTC

Stratified by hours
Full data 2009 - 2020

Code:

Summary for variables: feeperkb
   by categories of: hour

   hour | N mean sd p50 p25 p75 min max
---------+--------------------------------------------------------------------------------
   0 | 26207.0 103393.4 502453.6 31582.6 9641.4 96372.9 0.0 3.8e+07
   1 | 26027.0 101575.1 584553.1 31519.3 9643.9 94205.6 0.0 7.3e+07
   2 | 26190.0 99196.3 558043.1 31413.7 10418.1 91417.5 0.0 5.9e+07
   3 | 25924.0 98541.5 439057.2 31315.8 10686.8 92773.0 0.0 4.6e+07
   4 | 26386.0 96736.9 533605.3 30908.2 9790.8 92421.4 0.0 5.7e+07
   5 | 26239.0 100688.4 1203361.0 31137.5 10137.5 93916.8 0.0 1.9e+08
   6 | 26343.0 94430.7 344936.3 30902.0 9382.3 91444.4 0.0 3.2e+07
   7 | 25722.0 95806.3 691420.5 30821.2 9416.7 91236.1 0.0 9.9e+07
   8 | 26336.0 94652.7 301875.3 31561.7 9990.2 95045.6 0.0 2.2e+07
   9 | 25961.0 101684.3 586712.4 31652.4 9923.4 94733.9 0.0 7.9e+07
   10 | 26414.0 99916.0 611851.1 31418.8 9687.6 94223.7 0.0 8.5e+07
   11 | 26590.0 103306.3 408190.1 31799.3 9247.8 95784.0 0.0 2.0e+07
   12 | 26344.0 96474.0 277447.6 32695.3 9264.1 95163.6 0.0 7982190.0
   13 | 26274.0 162112.9 6254117.2 38078.1 12905.2 99756.3 0.0 8.8e+08
   14 | 26318.0 112315.0 568639.9 34930.4 11684.6 99917.8 0.0 5.1e+07
   15 | 26157.0 116210.3 1352799.8 34572.2 11018.2 103306.0 0.0 2.0e+08
   16 | 26543.0 153261.5 7027734.4 34412.3 11694.5 103588.0 0.0 1.1e+09
   17 | 26471.0 112858.1 1421354.0 34208.4 11042.6 105605.0 0.0 2.2e+08
   18 | 26636.0 107566.9 866164.7 33158.4 10174.8 103299.5 0.0 1.3e+08
   19 | 26575.0 112892.3 1009389.1 32478.4 9633.9 101863.0 0.0 1.4e+08
   20 | 26244.0 110802.0 640915.2 32843.2 10050.4 103353.5 0.0 6.3e+07
   21 | 26517.0 102294.4 351400.5 32119.7 9234.4 100586.0 0.0 2.5e+07
   22 | 26558.0 103410.2 599391.9 31784.7 9936.9 99970.9 0.0 6.7e+07
   23 | 26269.0 119384.4 2912319.3 30677.9 8937.7 94768.8 0.0 4.7e+08
---------+--------------------------------------------------------------------------------
   Total | 631245.0 108343.2 2128284.4 32314.6 10077.3 97241.8 0.0 1.1e+09
------------------------------------------------------------------------------------------

Code:

+---------------------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |---------------------------------------------------------------------------------|
  1. | 1 23 30677.9 8937.71 94768.8 85831.09 0 4.67e+08 |
  2. | 2 7 30821.2 9416.68 91236.1 81819.42 0 9.94e+07 |
  3. | 3 6 30902 9382.32 91444.4 82062.08 0 3.17e+07 |
  4. | 4 4 30908.2 9790.79 92421.4 82630.61 0 5.66e+07 |
  5. | 5 5 31137.5 10137.5 93916.8 83779.3 0 1.89e+08 |
   |---------------------------------------------------------------------------------|
  6. | 6 3 31315.85 10686.75 92773 82086.25 0 4.64e+07 |
  7. | 7 2 31413.7 10418.1 91417.5 80999.4 0 5.94e+07 |
  8. | 8 10 31418.75 9687.57 94223.7 84536.13 0 8.54e+07 |
  9. | 9 1 31519.3 9643.87 94205.6 84561.73 0 7.33e+07 |
10. | 10 8 31561.7 9990.22 95045.6 85055.38 0 2.17e+07 |
   |---------------------------------------------------------------------------------|
11. | 11 0 31582.6 9641.44 96372.9 86731.46 0 3.75e+07 |
12. | 12 9 31652.4 9923.39 94733.9 84810.51 0 7.88e+07 |
13. | 13 22 31784.7 9936.87 99970.9 90034.03 0 6.69e+07 |
14. | 14 11 31799.35 9247.78 95784 86536.22 0 2.02e+07 |
15. | 15 21 32119.7 9234.37 100586 91351.63 0 2.50e+07 |
   |---------------------------------------------------------------------------------|
16. | 16 19 32478.4 9633.91 101863 92229.09 0 1.39e+08 |
17. | 17 12 32695.3 9264.115 95163.55 85899.43 0 7982190 |
18. | 18 20 32843.2 10050.4 103353.5 93303.1 0 6.31e+07 |
19. | 19 18 33158.45 10174.8 103299.5 93124.7 0 1.33e+08 |
20. | 20 17 34208.4 11042.6 105605 94562.4 0 2.24e+08 |
   |---------------------------------------------------------------------------------|
21. | 21 16 34412.3 11694.5 103588 91893.5 0 1.14e+09 |
22. | 22 15 34572.2 11018.2 103306 92287.8 0 1.98e+08 |
23. | 23 14 34930.4 11684.6 99917.8 88233.2 0 5.09e+07 |
24. | 24 13 38078.05 12905.2 99756.3 86851.09 0 8.81e+08 |
   +---------------------------------------------------------------------------------+

2009, 2010 dropped.

Code:

Summary for variables: feeperkb
   by categories of: hour

   hour | N mean sd p50 p25 p75 min max
---------+--------------------------------------------------------------------------------
   0 | 22065.0 119735.6 533293.4 41091.5 20681.8 118328.0 0.0 3.8e+07
   1 | 21879.0 117844.4 629134.0 40825.4 21152.9 115141.0 0.0 7.3e+07
   2 | 22080.0 115814.6 601628.9 40136.9 21274.0 112003.0 0.0 5.9e+07
   3 | 21768.0 114133.3 465364.8 40321.5 21490.6 112990.0 0.0 4.6e+07
   4 | 22156.0 112700.0 574555.4 39809.6 20935.8 112992.0 0.0 5.7e+07
   5 | 22032.0 107976.5 298043.0 40401.1 21019.3 113605.5 0.0 1.8e+07
   6 | 22111.0 110241.3 364796.2 39932.1 20821.9 111434.0 0.0 3.2e+07
   7 | 21602.0 111130.5 747347.2 39996.8 20505.2 111931.0 0.0 9.9e+07
   8 | 22179.0 109869.6 314554.7 41045.5 21037.5 114681.0 0.0 2.2e+07
   9 | 21891.0 116504.8 627838.6 41578.4 21343.4 115269.0 0.0 7.9e+07
   10 | 22280.0 115326.4 657863.9 41057.7 21118.1 115319.5 0.0 8.5e+07
   11 | 22369.0 119387.0 430631.1 41538.4 20883.6 116678.0 0.0 2.0e+07
   12 | 22139.0 109772.7 273177.9 42048.0 21453.4 114715.0 0.0 7982190.0
   13 | 22167.0 188499.6 6807822.4 50770.5 25092.7 119968.0 0.0 8.8e+08
   14 | 22112.0 129063.0 580356.9 45560.9 23555.0 121351.0 0.0 5.1e+07
   15 | 21848.0 132179.0 1426235.8 46691.3 23097.8 124090.0 0.0 2.0e+08
   16 | 22316.0 176964.7 7663158.5 45197.8 22753.9 124488.0 0.0 1.1e+09
   17 | 22307.0 130185.8 1543968.1 45670.1 22336.9 125788.0 0.0 2.2e+08
   18 | 22368.0 123704.9 937479.3 44309.4 21841.8 124521.5 0.0 1.3e+08
   19 | 22289.0 131506.8 1096674.4 43140.1 21367.8 124172.0 0.0 1.4e+08
   20 | 22148.0 127433.8 688209.1 43422.1 21416.8 124435.5 0.0 6.3e+07
   21 | 22258.0 118984.4 372195.4 42225.6 20886.9 122386.0 0.0 2.5e+07
   22 | 22453.0 118017.1 577542.8 41200.9 20794.6 120058.0 0.0 6.7e+07
   23 | 22018.0 140462.2 3179888.2 40217.6 20228.7 116186.0 0.0 4.7e+08
---------+--------------------------------------------------------------------------------
   Total | 530835.0 124932.2 2301321.3 42317.6 21560.9 117911.0 0.0 1.1e+09
------------------------------------------------------------------------------------------

Code:

+---------------------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |---------------------------------------------------------------------------------|
  1. | 1 4 39809.6 20935.85 112992 92056.15 0 5.66e+07 |
  2. | 2 6 39932.1 20821.9 111434 90612.1 0 3.17e+07 |
  3. | 3 7 39996.85 20505.2 111931 91425.8 0 9.94e+07 |
  4. | 4 2 40136.9 21274 112003 90729 0 5.94e+07 |
  5. | 5 23 40217.65 20228.7 116186 95957.3 0 4.67e+08 |
   |---------------------------------------------------------------------------------|
  6. | 6 3 40321.5 21490.6 112990 91499.4 0 4.64e+07 |
  7. | 7 5 40401.15 21019.25 113605.5 92586.25 0 1.83e+07 |
  8. | 8 1 40825.4 21152.9 115141 93988.1 0 7.33e+07 |
  9. | 9 8 41045.5 21037.5 114681 93643.5 0 2.17e+07 |
10. | 10 10 41057.7 21118.05 115319.5 94201.45 0 8.54e+07 |
   |---------------------------------------------------------------------------------|
11. | 11 0 41091.5 20681.8 118328 97646.2 0 3.75e+07 |
12. | 12 22 41200.9 20794.6 120058 99263.4 0 6.69e+07 |
13. | 13 11 41538.4 20883.6 116678 95794.4 0 2.02e+07 |
14. | 14 9 41578.4 21343.4 115269 93925.6 0 7.88e+07 |
15. | 15 12 42048 21453.4 114715 93261.6 0 7982190 |
   |---------------------------------------------------------------------------------|
16. | 16 21 42225.55 20886.9 122386 101499.1 0 2.50e+07 |
17. | 17 19 43140.1 21367.8 124172 102804.2 0 1.39e+08 |
18. | 18 20 43422.15 21416.75 124435.5 103018.8 0 6.31e+07 |
19. | 19 18 44309.45 21841.8 124521.5 102679.7 0 1.33e+08 |
20. | 20 16 45197.8 22753.9 124488 101734.1 0 1.14e+09 |
   |---------------------------------------------------------------------------------|
21. | 21 14 45560.9 23555 121351 97796 0 5.09e+07 |
22. | 22 17 45670.1 22336.9 125788 103451.1 0 2.24e+08 |
23. | 23 15 46691.3 23097.8 124090 100992.2 0 1.98e+08 |
24. | 24 13 50770.5 25092.7 119968 94875.3 0 8.81e+08 |
   +---------------------------------------------------------------------------------+

Since 2018 only

Code:

Summary for variables: feeperkb
   by categories of: hour

   hour | N mean sd p50 p25 p75 min max
---------+--------------------------------------------------------------------------------
   0 | 5296.0 34068.8 63377.0 17455.9 10361.9 30103.8 0.0 879840.0
   1 | 5358.0 35508.3 63042.6 18429.1 11018.9 32417.6 0.0 612975.0
   2 | 5342.0 36398.2 62284.5 19624.6 12016.7 34092.1 0.0 595758.0
   3 | 5291.0 35297.5 59725.5 19593.6 12054.1 32813.7 0.0 605636.0
   4 | 5454.0 35303.5 60762.7 18834.2 11664.1 32047.0 0.0 592790.0
   5 | 5370.0 34743.2 60697.7 18271.3 11680.2 31979.4 0.0 640286.0
   6 | 5360.0 35593.4 63258.3 18098.7 11084.8 32745.3 0.0 684738.0
   7 | 5288.0 33648.5 57450.5 18232.8 11129.2 32125.8 0.0 603728.0
   8 | 5392.0 37056.4 64431.8 18619.2 11347.2 34914.3 0.0 959738.0
   9 | 5316.0 36231.1 61063.3 19385.3 11308.5 34475.4 0.0 537101.0
   10 | 5399.0 36393.9 62302.2 18386.5 10734.8 33974.3 0.0 873767.0
   11 | 5370.0 36402.4 63649.1 18350.7 10694.9 34230.9 0.0 795582.0
   12 | 5208.0 36498.4 62782.4 19024.1 10853.4 35527.1 0.0 625477.0
   13 | 5346.0 51329.0 67594.9 32485.4 16084.0 62872.2 0.0 643424.0
   14 | 5431.0 42508.3 67507.5 23476.7 13511.5 43648.1 0.0 621954.0
   15 | 5217.0 43999.4 71250.5 23233.9 13896.7 42568.1 0.0 637244.0
   16 | 5455.0 42098.8 69826.6 21741.7 12784.5 40758.3 0.0 650844.0
   17 | 5495.0 40808.0 67702.9 21119.7 12241.5 38691.7 0.0 604820.0
   18 | 5422.0 38965.6 68666.8 19388.3 11359.3 36139.9 0.0 621837.0
   19 | 5530.0 37187.8 65017.2 18647.9 10713.8 34300.3 0.0 600615.0
   20 | 5418.0 35860.3 63591.5 18090.5 10542.4 33115.9 0.0 652918.0
   21 | 5511.0 34012.6 62688.2 17183.4 9969.6 31152.6 0.0 710515.0
   22 | 5562.0 33991.4 62420.1 16991.7 10375.2 31100.6 0.0 679488.0
   23 | 5453.0 31921.1 63766.6 16042.0 9903.2 27813.6 0.0 614009.0
---------+--------------------------------------------------------------------------------
   Total | 129284.0 37318.3 64167.9 19274.7 11389.7 35444.2 0.0 959738.0
------------------------------------------------------------------------------------------

Code:

+-------------------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |-------------------------------------------------------------------------------|
  1. | 1 23 16042 9903.23 27813.6 17910.37 0 614009 |
  2. | 2 22 16991.7 10375.2 31100.6 20725.4 0 679488 |
  3. | 3 21 17183.4 9969.59 31152.6 21183.01 0 710515 |
  4. | 4 0 17455.95 10361.9 30103.8 19741.9 0 879840 |
  5. | 5 20 18090.5 10542.4 33115.9 22573.5 0 652918 |
   |-------------------------------------------------------------------------------|
  6. | 6 6 18098.7 11084.85 32745.25 21660.4 0 684738 |
  7. | 7 7 18232.75 11129.15 32125.85 20996.7 0 603728 |
  8. | 8 5 18271.35 11680.2 31979.4 20299.2 0 640286 |
  9. | 9 11 18350.65 10694.9 34230.9 23536 0 795582 |
10. | 10 10 18386.5 10734.8 33974.3 23239.5 0 873767 |
   |-------------------------------------------------------------------------------|
11. | 11 1 18429.1 11018.9 32417.6 21398.7 0 612975 |
12. | 12 8 18619.15 11347.2 34914.25 23567.05 0 959738 |
13. | 13 19 18647.9 10713.8 34300.3 23586.5 0 600615 |
14. | 14 4 18834.15 11664.1 32047 20382.9 0 592790 |
15. | 15 12 19024.1 10853.35 35527.1 24673.75 0 625477 |
   |-------------------------------------------------------------------------------|
16. | 16 9 19385.25 11308.5 34475.45 23166.95 0 537101 |
17. | 17 18 19388.25 11359.3 36139.9 24780.6 0 621837 |
18. | 18 3 19593.6 12054.1 32813.7 20759.6 0 605636 |
19. | 19 2 19624.55 12016.7 34092.1 22075.4 0 595758 |
20. | 20 17 21119.7 12241.5 38691.7 26450.2 0 604820 |
   |-------------------------------------------------------------------------------|
21. | 21 16 21741.7 12784.5 40758.3 27973.8 0 650844 |
22. | 22 15 23233.9 13896.7 42568.1 28671.4 0 637244 |
23. | 23 14 23476.7 13511.5 43648.1 30136.6 0 621954 |
24. | 24 13 32485.45 16084 62872.2 46788.2 0 643424 |
   +-------------------------------------------------------------------------------+

Weekend-effects since 2018
Only for data since 2018 till now

Generally, Sundays are better than Saturdays. And it seems the hour frame from 19 - 0 UTC time is best to move bitcoin.

Saturdays:

Code:

+----------------------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |----------------------------------------------------------------------------------|
  1. | 1 23 13923.75 8881.78 24646.2 15764.42 0 489047 |
  2. | 2 19 14864.2 8933.15 28243.8 19310.65 0 531955 |
  3. | 3 22 15268.75 9715.71 27223.1 17507.39 0 516933 |
  4. | 4 21 15311.7 9357.44 25406.7 16049.26 0 505436 |
  5. | 5 20 15550.3 9795.88 27806.7 18010.82 0 549642 |
   |----------------------------------------------------------------------------------|
  6. | 6 18 15790.25 9265.41 30937.8 21672.39 0 514021 |
  7. | 7 11 15896.1 9954.67 31395.4 21440.73 0 505285 |
  8. | 8 17 16185.3 10321.2 30604.9 20283.7 0 520122 |
  9. | 9 10 16791.4 9803.845 31005.05 21201.21 0 501147 |
10. | 10 7 16926.05 10425 30062.3 19637.3 0 525720 |
   |----------------------------------------------------------------------------------|
11. | 11 5 17112.4 10894.3 29917.9 19023.6 0 515187 |
12. | 12 8 17285.5 10686.3 30582.2 19895.9 0 530335 |
13. | 13 12 17335.95 10381.3 30578.7 20197.4 0 518726 |
14. | 14 0 17348 10772 28477.4 17705.4 0 515283 |
15. | 15 15 17633.6 10762.6 31614.8 20852.2 0 495409 |
   |----------------------------------------------------------------------------------|
16. | 16 16 17673.3 10282.6 32347.9 22065.3 0 532994 |
17. | 17 6 17688.1 11474.2 31929.1 20454.9 0 557016 |
18. | 18 4 18152.15 11692.25 29211.9 17519.65 0 592790 |
19. | 19 9 18410.5 11200.3 29740.2 18539.9 1107.9 497460 |
20. | 20 14 18425.95 11298.3 31693 20394.7 0 534530 |
   |----------------------------------------------------------------------------------|
21. | 21 3 19115.9 12166.3 29836.2 17669.9 0 552175 |
22. | 22 1 19219.55 11401.8 31400.7 19998.9 0 541738 |
23. | 23 2 19597.8 12589.25 33943.7 21354.45 0 488497 |
24. | 24 13 24028.1 13132.5 54373.4 41240.9 0 485792 |
   +----------------------------------------------------------------------------------+

Sundays:

Code:

+-------------------------------------------------------------------------------+
   | rank_median hour median p25 p75 iqr min max |
   |-------------------------------------------------------------------------------|
  1. | 1 23 13565 8924.87 23388.1 14463.23 0 541857 |
  2. | 2 20 13689.9 8678.07 25328.5 16650.43 0 495122 |
  3. | 3 21 13959.2 8622.04 25230.7 16608.66 0 710515 |
  4. | 4 22 14058.1 9195.76 25558.5 16362.74 0 542217 |
  5. | 5 19 15032.3 8969.46 26609.4 17639.94 0 504652 |
   |-------------------------------------------------------------------------------|
  6. | 6 11 15592.9 9817.8 26720.6 16902.8 0 542285 |
  7. | 7 18 15609.35 9349.24 27726.1 18376.86 0 535356 |
  8. | 8 0 15625 10214 29802.4 19588.4 0 507533 |
  9. | 9 9 15900.1 10137.6 30006.4 19868.8 0 536622 |
10. | 10 5 15982 10905.45 26213.85 15308.4 0 546672 |
   |-------------------------------------------------------------------------------|
11. | 11 10 16055.9 9409.94 27165.6 17755.66 0 576058 |
12. | 12 1 16160.15 10067.6 28240.4 18172.8 0 497123 |
13. | 13 6 16245.7 10107.4 28107.6 18000.2 0 544942 |
14. | 14 12 16250.15 9725.29 29132 19406.71 0 520193 |
15. | 15 17 16351 9893.29 31823.95 21930.66 0 551834 |
   |-------------------------------------------------------------------------------|
16. | 16 16 16524.9 9867.565 26740.5 16872.93 0 579706 |
17. | 17 7 16573.6 10314.6 28666.2 18351.6 0 548623 |
18. | 18 14 16951.85 10722 30204.5 19482.5 0 501031 |
19. | 19 8 17095 11187.3 29898.8 18711.5 0 539959 |
20. | 20 4 17110.85 10385.2 27700.7 17315.5 0 496670 |
   |-------------------------------------------------------------------------------|
21. | 21 2 17411.5 11265.6 30644.7 19379.1 0 487012 |
22. | 22 15 17938.55 11079.7 32156.85 21077.15 0 536418 |
23. | 23 3 18753 11542.8 29393.5 17850.7 0 490857 |
24. | 24 13 22715.5 12521.7 50709.1 38187.4 0 547448 |
   +-------------------------------------------------------------------------------+

Now, let's get a better overview by stratifying hours into 4 categories of hour-frame.
26 May 2020, I expanded it with a previous period, 2011 - 2013.
Saturday

Code:

+---------------------------------------------------------------------------------------------------------------+
   | period hour_frame rank_median median iqr p25 p75 min max dofw |
   |---------------------------------------------------------------------------------------------------------------|
  1. | 2018 - 2020 19 - 0 UTC 1 15321 17522.71 9514.79 27037.5 0 549642 saturday |
  2. | 2018 - 2020 7 - 12 UTC 2 17088.6 20200.6 10423 30623.6 0 530335 saturday |
  3. | 2018 - 2020 13 - 18 UTC 3 17974.8 24323 10752.2 35075.2 0 534530 saturday |
  4. | 2018 - 2020 1 - 6 UTC 4 18399 19203.7 11587.5 30791.2 0 592790 saturday |
   |---------------------------------------------------------------------------------------------------------------|
  5. | 2014 - 2017 7 - 12 UTC 1 36939.35 46594.9 25879.3 72474.2 0 1022810 saturday |
  6. | 2014 - 2017 19 - 0 UTC 2 37383.2 44285.4 26544.9 70830.3 0 2341400 saturday |
  7. | 2014 - 2017 1 - 6 UTC 3 37849.3 45339.6 26481.6 71821.2 0 1093800 saturday |
  8. | 2014 - 2017 13 - 18 UTC 4 38777.6 51459.3 26441.9 77901.2 0 1.15e+07 saturday |
   |---------------------------------------------------------------------------------------------------------------|
  9. | 2011 - 2013 1 - 6 UTC 1 110409.5 141870.2 43122.8 184993 0 1.14e+07 saturday |
10. | 2011 - 2013 7 - 12 UTC 2 112179 130555.2 46890.8 177446 0 1.77e+07 saturday |
11. | 2011 - 2013 13 - 18 UTC 3 119406.5 141103.1 48470.9 189574 0 1.90e+07 saturday |
12. | 2011 - 2013 19 - 0 UTC 4 120998 140629 54706 195335 0 6.04e+07 saturday |
   +---------------------------------------------------------------------------------------------------------------+

Sunday

Code:

+--------------------------------------------------------------------------------------------------------------+
   | period hour_frame rank_median median iqr p25 p75 min max dofw |
   |--------------------------------------------------------------------------------------------------------------|
  1. | 2018 - 2020 19 - 0 UTC 1 14227.6 16710.62 9082.48 25793.1 0 710515 sunday |
  2. | 2018 - 2020 7 - 12 UTC 2 16216 18386.4 10102.7 28489.1 0 576058 sunday |
  3. | 2018 - 2020 1 - 6 UTC 3 16822.1 17625.7 10782.2 28407.9 0 546672 sunday |
  4. | 2018 - 2020 13 - 18 UTC 4 17529.2 22342.5 10392.2 32734.7 0 579706 sunday |
   |--------------------------------------------------------------------------------------------------------------|
  5. | 2014 - 2017 7 - 12 UTC 1 35401.9 42150.8 25213.9 67364.7 0 1108710 sunday |
  6. | 2014 - 2017 1 - 6 UTC 2 35798.95 39597.35 25903.75 65501.1 0 1361470 sunday |
  7. | 2014 - 2017 19 - 0 UTC 3 37735.6 47127.5 26159.8 73287.3 0 2659140 sunday |
  8. | 2014 - 2017 13 - 18 UTC 4 37808 49860.7 24980.9 74841.6 0 3.81e+07 sunday |
   |--------------------------------------------------------------------------------------------------------------|
  9. | 2011 - 2013 1 - 6 UTC 1 111690 139801.4 46474.6 186276 0 3.17e+07 sunday |
10. | 2011 - 2013 7 - 12 UTC 2 116072 133731.5 48235.5 181967 0 2.17e+07 sunday |
11. | 2011 - 2013 13 - 18 UTC 3 117441 139759.4 49094.6 188854 0 8.81e+08 sunday |
12. | 2011 - 2013 19 - 0 UTC 4 123885.5 138552.3 56797.65 195350 0 4.67e+08 sunday |
   +--------------------------------------------------------------------------------------------------------------+

Once again, in the same hour-frame, Sundays are better than Saturdays to move bitcoin. Below are percent of differences between Sundays and Saturdays, in the period 2018 - 2020.

Code:

* 19 - 0 UTC
. di (14228-15321)/15321*100
-7.1339991

* 7 - 12 UTC
. di (16216-17089)/17089*100
-5.1085494

* 1 - 6 UTC
. di (16822-17975)/17975*100
-6.4144645

* 13 - 18 UTC
. di (17529-18399)/18399*100
-4.7285179

Topic: Bitcoin transaction fees (in sats/kb). Sunday, Saturday are best to move BTC - page 4. (Read 2728 times)