Study Reveals Recurring 15-Minute Volatility Spikes in Perpetual Futures

Research by Chan Kim and Peter Reinhard Hansen identifies consistent trading pulses in perpetual futures markets occurring every 15 minutes. Analysis of Binance data for major assets like Bitcoin, Ethereum, and Solana shows that trading volume and price volatility surge within the first 10 seconds of these intervals. This phenomenon is driven by automated trading systems and standardized K-line data processing, which synchronize market activity across the industry.