Weekend trading volume is only about 30% of weekday levels, so it’s really no surprise that prices can be pushed up on such low volume: the order book is thin, orders are sparse, and a small amount of capital can move prices higher, with more slippage than usual. For example, if weekday spot trading volume is 100, it might be only around 30 on the weekend, or even lower during certain periods. A big green candle may look exciting, but it could just be a move amplified by low liquidity, so don’t read too much into it. We’ve seen similar things happen with plenty of smaller coins: they suddenly jump 5% to 10% over the weekend, then gradually give it back once liquidity returns around the U.S. stock market open on Monday. So I’d rather treat weekend rallies as noise than as confirmation of a trend.

I do trust the security of MPC wallets. Mechanisms like threshold signatures, key sharding, and multisig approvals can indeed reduce the risk of a single point of failure, and both custodial and self-custodial use cases are becoming increasingly mature. But security is one thing; the pricing of on-chain assets still hinges on the few hours after the U.S. stock market opens. Crypto trades 24/7, but what really determines risk appetite and the direction of capital flows is often the liquidity and sentiment spillover after traditional markets open. The on-chain market can be buzzing all weekend, but when the U.S. market opens on Monday, if the Nasdaq, the U.S. Dollar Index, and Treasury yields move, crypto prices will follow.

What I’m mainly watching is whether the gap on the Nasdaq daily chart gets filled. It doesn’t have much to do with crypto itself. Until the gap is filled, technical traders will keep bringing it up; once it is, market sentiment may finally ease. That’s not to say crypto doesn’t matter, but that the short-term pricing anchor isn’t that bit of weekend volume. So my view is simple: You can keep an eye on weekend rallies, but don’t rush to conclusions; MPC wallets are safe to use, but don’t confuse security with price formation. Are you still watching the markets this weekend, or taking a complete break? Share your thoughts.