According to Material Indicators, large blocks of sell orders have been placed by so-called 'Weekend Whales' on Binance to suppress Bitcoin's price over the weekend. This strategy appears aimed at triggering panic selling from less experienced traders.

According to Greeks.live, there is a notable difference in market behavior between Asian and Western markets. When the Asian market opens, there is no immediate influx of sell orders overwhelming the order book, unlike what is often observed in Western markets.