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THORChain · RUNE/USDT · daily

What happens to THORChain after Bitcoin jumps 5% in a day?

Since 2020, THORChain has shown Bitcoin jumps 5% in a day 77 times. In the 77 cases old enough to score, the price was higher 7 days later 57% of the time, with a median move of +3.2%. On an ordinary day the median 7-day move for RUNE is −0.3%.

Weak evidence51

There is a gap, but once you allow for how many studies were run, a gap this large is luck about 36% of the time, so it should not be relied on.

On the day itself, the median move was +9.1% for RUNE against +7.1% for Bitcoin. RUNE had the worse day 32% of the time. The figures below start from RUNE's close on that day.

Cases since 202077last on 18 Sep 2026
Higher after 7 days57%ordinary: 49%
Median 7-day move+3.2%ordinary: −0.3%
Could be luck36%allowing for 3,572 studies
Worst / best case−58% / +79%over 7 days
Median path after the signalMiddle half of casesOrdinary RUNE drift
−10%0%+10%+20%+30%+40%+50% -5dsignal+7d+14d+30d
Price change relative to the close on the signal day. Based on the 77 cases with a full 30 days of history after them.

By holding period

AfterCasesHigherMedian moveMiddle halfOrdinary medianGapBy luckProof score
1 day7749%−0.1%−4.0% to +4.7%−0.1%0.0%99%20
3 days7756%+1.5%−4.1% to +11.0%−0.1%+1.6%52%49
7 days7757%+3.2%−5.3% to +12.2%−0.3%+3.6%36%51
14 days7762%+7.8%−5.8% to +20.3%−1.1%+8.8%10.0%85
30 days7760%+13.3%−11.4% to +52.8%−2.1%+15.4%8.6%88

“Ordinary median” is the median move of RUNE over the same number of days starting from any day. “Gap” is the signal's median minus the ordinary one. “By luck” is how often a gap at least that large comes from randomly chosen days, corrected for the 3,572 studies run at each holding period (for this study taken alone: 4.0%).

Holding it for 7 days

Typical dip on the way−8.9%ordinary RUNE: −8.8%
1 case in 4 dipped past−16.5%before day 7
Fell 10% or more on the way43%ordinary: 45%
Typical best point+12.2%highest price within 7 days
Median after costs+2.9%ordinary: −0.6%
Ahead after costs57%ordinary: 48%

Dips and best points use each day's low and high, measured from the close on the signal day. Costs assume 0.3% for a round trip: a 0.1% exchange fee each way and 0.05% slippage each way.

Did it hold up over time?

Splitting the cases by date: in the earlier 46 the gap over 7 days was +3.7%, and in the later 31 it was +2.4%. Same direction both times.

Every occurrence

One square per occurrence, oldest first. Green: higher 7 days later. Red: lower. Grey: not yet 7 days old.

DateClose+1d+7d+30d
18 Sep 2026$0.5400+3.0%+21.3%+22.0%
3 Sep 2026$0.4900−2.4%+1.6%+52.0%
19 Aug 2026$0.4270+4.0%+13.6%+26.5%
13 Apr 2026$0.4070−1.7%+3.9%+42.8%
4 Mar 2026$0.4370+0.5%−1.4%−9.2%
25 Feb 2026$0.4150−2.4%+5.3%−4.8%
6 Feb 2026$0.4200−0.5%−0.5%−2.4%
2 Dec 2025$0.6580+4.3%+6.2%−13.4%
8 May 2025$1.38+8.4%+37.1%+18.0%
22 Apr 2025$1.31−1.0%+2.1%+63.0%
9 Apr 2025$1.12−3.9%+0.4%+34.1%
11 Mar 2025$1.13+4.3%+5.2%−5.0%

The 12 most recent. All 77 are in the open data file.

The rule

Bitcoin's daily close is at least 5% above its previous close. The outcome is measured on this coin, from its own close that day.

Occurrences closer than 7 days to the previous one are not counted again. The signal is confirmed at the daily close (00:00 UTC) and returns are measured from that close. Full method.

The same signal on other coins

CoinCasesHigher after 7dMedianGapVerdict
Chiliz9266%+3.5%+4.2%Strong evidence · leans up
Reserve Rights7756%+4.6%+6.0%Strong evidence · leans up
Polymesh3459%+4.1%+5.6%Some evidence · leans up
NEAR Protocol7555%+4.2%+4.9%Some evidence · leans up
Gala4955%+1.2%+4.2%Weak evidence
Axie Infinity7358%+2.8%+4.0%Weak evidence
Curve DAO7757%+3.5%+4.0%Weak evidence
Tellor7760%+3.8%+4.2%Weak evidence

Bitcoin jumps 5% in a day across all 94 coins

Other THORChain signals

Full THORChain record

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