When we look at Bitcoin's historical price data, it turns out that the biggest price changes were made on the weekend.
Bitcoin investors have to buy or sell crypt money at the most important times of the week
On weekends, big investors Whales go out on the scene because small investors are away from the market and computer screens.
Because it's the best time for them.
Almost all of Bitcoin's biggest price changes took place on weekends.
What is the reason for the big fluctuations on the weekends in the price of bitcoin?
The biggest fluctuations in the price of bitcoin are always on weekends.
Crypto money trading is continuing 24 hours a day, 7 days a week, in various stock markets all over the world.
While many see this as an advantage with the potential benefits of profiting for the benefit of active investors,
as well as the continuous monitoring of prices and the difficulties of trading on time
come together and reduce losses during profit times.
Almost all of Bitcoin's biggest price changes took place on weekends.
Bitcoin reached a record level of 20 thousand dollars on a Saturday in December.
Bitcoin saw the lowest level in the past six months on Saturday.
Since December, 60 percent of last week's weekends have a price move of 5 percent or more throughout the weekend.
In addition, 82 percent of the weekends saw a movement of at least 3 percent in both directions.
The price changes are great, but the volume is lower on weekends. Individual orders are generally smaller in size.
The big owners of these Bitcoin whales will have a weekly price fluctuation
it is active to accumulate or empty Bitcoin in large quantities.
The actions of such large owners, on the price movements of the crypto currency
has a big impact and is much more effective on weekends when trading volumes are weak
Investors can not access bank accounts on weekends
In addition to the activities of these large-volume participants, there are other systematic factors in their votes.
The main reason for the price fluctuations on weekends is that most investors do not have access to bank accounts.
Because banks are closed on weekends, crypto money trading can be done 24 hours a day, 7 days a week.
Limited hours of banks make it more difficult for investors to take advantage of price changes on weekends.