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Why Does BTC Keep Selling at Market Open?
The answer might lie in what went down during the October 10 market crash. According to market observers, major exchanges likely deployed significant capital that day to absorb a wave of liquidations. Rather than holding those positions long-term, they appear to be unwinding them gradually—almost like a programmatic trading operation methodically exiting a massive position.
This explains the recurring sell pressure we're seeing at every market open. As these accumulated positions get flushed out daily through algorithmic execution, they create a predictable pattern of downward momentum right when trading desks kick into gear. It's a mechanical process: liquidation absorption on day one, slow-motion exit on subsequent days.
The implication? Until those positions fully unwind, opening bell weakness in Bitcoin might continue as an expected market feature rather than a surprise.