A drop is a drop, but weekend drops are not the same as weekday drops.
This wave’s low of 62006 was hit on Sunday morning: traditional markets were closed, market-maker quotes were thinning out, and with a thinner order book, the same sell order could drive the price down much further. From Saturday night to the early hours of Sunday, $BTC briefly fell below 63000, $ETH dropped to 1711, and $SOL fell to 67.4. All those prices were hit during the weekend’s least liquid hours.
So when watching the market over the weekend, don’t just focus on the percentage change—look one level deeper: are people really selling at this price, or was it driven down by a thin order book? Within hours of the 62006 low, the price bounced back to 64800, a 4.5% rebound. A V-shaped move like this often just means liquidity has returned, not that the fundamentals have changed.
Do you usually watch the market over the weekend, or just tune out?
#币圈分析 #BTC
This wave’s low of 62006 was hit on Sunday morning: traditional markets were closed, market-maker quotes were thinning out, and with a thinner order book, the same sell order could drive the price down much further. From Saturday night to the early hours of Sunday, $BTC briefly fell below 63000, $ETH dropped to 1711, and $SOL fell to 67.4. All those prices were hit during the weekend’s least liquid hours.
So when watching the market over the weekend, don’t just focus on the percentage change—look one level deeper: are people really selling at this price, or was it driven down by a thin order book? Within hours of the 62006 low, the price bounced back to 64800, a 4.5% rebound. A V-shaped move like this often just means liquidity has returned, not that the fundamentals have changed.
Do you usually watch the market over the weekend, or just tune out?
#币圈分析 #BTC