as i said, the activities in weekends are usually done by the whale themselves to liquidate new future traders who opened their pos with high leverage. all the increase or decrease in saturday & sunday are always artificial and eventually will settle back to the price on friday daily close on market.
$57.21m long position has been liquidated in last 24 hours, which is easy money for those whale manipulator. Never open high leverage long or short pos before weekend.
for new traders, stick to spot trading. If you dont know the market you are only to be eaten by whales if you trade future contracts. all the ups and downs in BTC and crypto in general are driven by future market.
the next target is 72k range which has around 25b to be liquidated. if you dont know what liquidation in future means, it means those who buy long when the price goes to 72k, all the shorts will be liquidated at the price, up to 25b to be claimed by long pos. it is like bounty for the whale.
they were able to crash it to 53k few days ago due to nyse market being down for 40 hours in weekdays due to holiday. when the nyse market comes back up again, more and more shorts are going to be liquidated across the 60ks and 70ks.
the entire bull and bear market is based on the bounty of liquidation in future contracts.
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