My sense is that a lot of crypto market makers turn off their systems post US close on a friday and don’t start up again until 5pm Sunday or maybe even later, hence wild moves on Sat/Sun. All else equal, should lead to good profits for anyone who stays up over the weekend.
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I know nobody (except one) who does that, and they did it because they performed better weekdays. Anecdotally in our portfolio, if something bad is going to happen to us (across all strat), it’s going to be over the weekend.
I know two but both are smaller teams who can’t afford the coverage if they want to also have a life. But yes this is mostly speculation. What do you think causes the dramatically lower liquidity post US close on Fri?
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My best answer is that's the retail flow disappearing but i'm not v satisfied with that. Most professionals I see (ex options) are trading 24/7 with robust monitoring & alerting to wake them up (us included).
Thanks. Twitter will use this to make your timeline better. UndoUndo
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