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Related papers: Real-time Prediction of Bitcoin Bubble Crashes

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We develop a strong diagnostic for bubbles and crashes in bitcoin, by analyzing the coincidence (and its absence) of fundamental and technical indicators. Using a generalized Metcalfe's law based on network properties, a fundamental value…

Econometrics · Economics 2018-03-16 Spencer Wheatley , Didier Sornette , Tobias Huber , Max Reppen , Robert N. Gantner

We present a detailed bubble analysis of the Bitcoin to US Dollar price dynamics from January 2012 to February 2018. We introduce a robust automatic peak detection method that classifies price time series into periods of uninterrupted…

Econometrics · Economics 2019-05-31 Jan-Christian Gerlach , Guilherme Demos , Didier Sornette

We present an advance bubble detection methodology based on the Log Periodic Power Law Singularity (LPPLS) confidence indicator for the early causal identification of positive and negative bubbles in the Chinese stock market using the daily…

Statistical Finance · Quantitative Finance 2020-08-26 Min Shu , Wei Zhu

By combining (i) the economic theory of rational expectation bubbles, (ii) behavioral finance on imitation and herding of investors and traders and (iii) the mathematical and statistical physics of bifurcations and phase transitions, the…

General Finance · Quantitative Finance 2010-02-07 Wanfeng Yan , Ryan Woodard , Didier Sornette

We present a heuristic argument for the propensity of Topological Data Analysis (TDA) to detect early warning signals of critical transitions in financial time series. Our argument is based on the Log-Periodic Power Law Singularity (LPPLS)…

Statistical Finance · Quantitative Finance 2023-04-17 Samuel W. Akingbade , Marian Gidea , Matteo Manzi , Vahid Nateghi

In this study, we perform a novel analysis of the 2015 financial bubble in the Chinese stock market by calibrating the Log Periodic Power Law Singularity (LPPLS) model to two important Chinese stock indices, SSEC and SZSC, from early 2014…

Statistical Finance · Quantitative Finance 2019-06-14 Min Shu , Wei Zhu

Renowned method of log-periodic power law(LPPL) is one of the few ways that a financial market crash could be predicted. Alongside with LPPL, this paper propose a novel method of stock market crash using white box model derived from simple…

Statistical Finance · Quantitative Finance 2021-08-27 HyeonJun Kim

By combining (i) the economic theory of rational expectation bubbles, (ii) behavioral finance on imitation and herding of investors and traders and (iii) the mathematical and statistical physics of bifurcations and phase transitions, the…

Statistical Finance · Quantitative Finance 2010-07-08 Zhi-Qiang Jiang , Wei-Xing Zhou , Didier Sornette , Ryan Woodard , Ken Bastiaensen , Peter Cauwels

We propose a novel model, the Hyped Log-Periodic Power Law Model (HLPPL), to the problem of quantifying and detecting financial bubbles, an ever-fascinating one for academics and practitioners alike. Bubble labels are generated using a…

Computational Finance · Quantitative Finance 2025-10-14 Zheng Cao , Xingran Shao , Yuheng Yan , Helyette Geman

We present a detailed methodological study of the application of the modified profile likelihood method for the calibration of nonlinear financial models characterised by a large number of parameters. We apply the general approach to the…

Statistical Finance · Quantitative Finance 2016-02-29 Vladimir Filimonov , Guilherme Demos , Didier Sornette

Our study empirically predicts the bubble of non-fungible tokens (NFTs): transferable and unique digital assets on public blockchains. This topic is important because, despite their strong market growth in 2021, NFTs on a project basis have…

Statistical Finance · Quantitative Finance 2022-06-17 Kensuke Ito , Kyohei Shibano , Gento Mogi

Bitcoin, one of the major cryptocurrencies, presents great opportunities and challenges with its tremendous potential returns accompanying high risks. The high volatility of Bitcoin and the complex factors affecting them make the study of…

Trading and Market Microstructure · Quantitative Finance 2021-05-04 Qiutong Guo , Shun Lei , Qing Ye , Zhiyang Fang

Abnormal cryptocurrency transactions - such as mixing services, fraudulent transfers, and pump-and-dump operations -- pose escalating risks to financial integrity but remain notoriously difficult to detect due to class imbalance, temporal…

Machine Learning · Computer Science 2025-09-04 Minjung Park , Gyuyeon Na , Soyoun Kim , Sunyoung Moon , HyeonJeong Cha , Sangmi Chai

Identifying unambiguously the presence of a bubble in an asset price remains an unsolved problem in standard econometric and financial economic approaches. A large part of the problem is that the fundamental value of an asset is, in…

General Finance · Quantitative Finance 2010-11-25 Wanfeng Yan , Ryan Woodard , Didier Sornette

This study investigates the application of the Light Gradient Boosting Machine (LGBM) model for both deterministic and probabilistic forecasting of Bitcoin realized volatility. Utilizing a comprehensive set of 69 predictors -- encompassing…

Machine Learning · Computer Science 2025-11-26 Grzegorz Dudek , Mateusz Kasprzyk , Paweł Pełka

The goals of this paper are twofold: (1) to present a new method that is able to find linear laws governing the time evolution of Markov chains and (2) to apply this method for anomaly detection in Bitcoin prices. To accomplish these goals,…

Statistical Finance · Quantitative Finance 2022-01-25 Marcell T. Kurbucz , Péter Pósfay , Antal Jakovác

A number of papers claim that a Log Periodic Power Law (LPPL) fitted to financial market bubbles that precede large market falls or 'crashes', contain parameters that are confined within certain ranges. The mechanism that has been claimed…

Statistical Finance · Quantitative Finance 2020-07-27 David S. Bree , Nathan Lael Joseph

We define a financial bubble as a period of unsustainable growth, when the price of an asset increases ever more quickly, in a series of accelerating phases of corrections and rebounds. More technically, during a bubble phase, the price…

Risk Management · Quantitative Finance 2014-04-09 Didier Sornette , Peter Cauwels

In this paper we employ deep learning techniques to detect financial asset bubbles by using observed call option prices. The proposed algorithm is widely applicable and model-independent. We test the accuracy of our methodology in numerical…

Mathematical Finance · Quantitative Finance 2024-06-21 Francesca Biagini , Lukas Gonon , Andrea Mazzon , Thilo Meyer-Brandis

We show that infinite divisibility of a trading commodity leads to a self-sustained price bubble when traders use adaptive investment strategies. The adaptive strategy can be viewed as a psychological response of a trader to the situation…

Trading and Market Microstructure · Quantitative Finance 2021-01-01 Misha Perepelitsa , Ilya Timofeyev
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