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Aren’t they saying that there isn’t much market action on weekends? This weekend, the crypto market’s volatility is by no means small. Bitcoin touched around 74,000, which triggered a strong rebound in the market. SUI—the coin I usually trade—reacted even more sharply. With volatility like this, how many people are getting liquidated? It’s too scary.
It really proves that crypto saying: one day in the crypto world is like a year in the real world. With this kind of volatility, most people trading short-term futures get liquidated, with both longs and shorts getting wiped out. Those holding positions hoping to ride it out have a whole lot to lose.
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