Definitely. It’s just how the market works. Demand and supply rule everything. More demand? Price rises. Less supply? Price drops. Check any market, commodities, stocks, they all do this.
The Bitcoin market is always buzzing. What seems like an overnight drop for you might be daytime for someone else. Time zones play a huge role in this.
Wait, you think a drop from $117,740 to $116,000 is drastic? That’s like a small hiccup, barely 1.5%. Bitcoin has taken way bigger hits and bounced back.
What do you mean by ‘overnight’? Not everyone shares your time zone. BTC is still above $118k, not sure why you’re worried. If overnight drops scare you, maybe trade during the day instead, lol.
You’re partly right, bigger exchanges don’t get hit like smaller ones. It’s just whales playing with liquidity. Lower liquidity means easier liquidations at night, especially in the US.
Patterns in futures trading can be a trap. Trying to predict BTC’s moves is risky. Once everyone spots a pattern, it gets exploited. Whales know how to play.