Informed Trading Through the COVID-19 Pandemic : Evidence from the Bitcoin Market

dc.contributor.authorMavropoulos, Timotheos
dc.contributor.authorErsan, Oguz
dc.contributor.authorDemir, Ender
dc.contributor.departmentDepartment of Business and Economics
dc.date.accessioned2026-10-02T13:20:01Z
dc.date.available2026-10-02T13:20:01Z
dc.date.issued2026-01-10
dc.descriptionPublisher Copyright: © 2026 by the authors.en
dc.description.abstractWe investigate informed trading in the Bitcoin market throughout the COVID-19 pandemic. Compared to the pre-pandemic period, we find that informed trading is significantly higher in the affective first stage of the pandemic, before reverting to its pre-COVID-19 level during the later stage of the pandemic. Furthermore, information asymmetry tends to increase in daily COVID-19-related news: confirmed cases and deaths. Our findings are robust to alternative parameters and model specifications. The main implication for traders is that they should be extra cautious in timing their trading decisions during such events, as these tend to encourage informed trading.en
dc.description.versionPeer revieweden
dc.format.extent367352
dc.format.extent
dc.identifier.citationMavropoulos, T, Ersan, O & Demir, E 2026, 'Informed Trading Through the COVID-19 Pandemic : Evidence from the Bitcoin Market', Journal of Risk and Financial Management, vol. 19, no. 1, 59. https://doi.org/10.3390/jrfm19010059en
dc.identifier.doi10.3390/jrfm19010059
dc.identifier.issn1911-8066
dc.identifier.other250995339
dc.identifier.otherb6dfd5ed-2aee-4c38-a19e-b7888f654724
dc.identifier.other105028557088
dc.identifier.otherunpaywall: 10.3390/jrfm19010059
dc.identifier.urihttps://hdl.handle.net/20.500.11815/8519
dc.language.isoen
dc.relation.ispartofseriesJournal of Risk and Financial Management; 19(1)en
dc.relation.urlhttps://www.scopus.com/pages/publications/105028557088en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectBitcoinen
dc.subjectCOVID-19 pandemicen
dc.subjectcryptocurrencyen
dc.subjectinformation asymmetryen
dc.subjectinformed tradingen
dc.subjectAccountingen
dc.subjectBusiness, Management and Accounting (miscellaneous)en
dc.subjectFinanceen
dc.subjectEconomics and Econometricsen
dc.titleInformed Trading Through the COVID-19 Pandemic : Evidence from the Bitcoin Marketen
dc.type/dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/articleen

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