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I've recently realized that a major change is about to happen in the cryptocurrency market. As CME fully implements 24/7 Bitcoin trading, the traditional weekend selling pressure could significantly decrease.
Until now, Bitcoin has tended to be sold off over the weekends. The reason is simple: institutional investors mainly trade during weekday hours. Between Friday's close and Monday's opening, pressure was exerted by individual traders and some sellers.
But once CME fully adopts 24-hour trading, this dynamic will change. If institutional investors can trade on weekends as well, it could stabilize price fluctuations during the weekends. In other words, the old pattern of "selling over the weekend" might no longer hold.
I think this change is quite important for the entire market. With a 24/7 trading environment, Bitcoin's price discovery could become more efficient, and institutional participation might accelerate even further. In fact, in the forex market, the market's maturity greatly increased once 24-hour trading became standard.
It feels like the crypto market is heading down the same path. The disappearance of weekend selling pressure means a new price formation mechanism will emerge. In the short term, volatility might change, but in the long term, it should lead to greater market stability. I can't take my eyes off how this will develop.