I noticed that very often a price drop occurs at 05-08 UTC time period. Is it right and what can be a reason?
I noticed that very often a price drop occurs at 05-08 UTC time period. Is it right and what can be a reason?
More sellers than buyers.
True story.
Let's not let facts get in the way of speculation:
Europe and America are asleep. Asia reacts to morning fud by selling off a bit at lunchtime.
I think the Chineses are manipulating the market, pulling prices down, but it is only my assumption.
As almost always, price fall during UTC 03-04 time range.