EDIT2: I'm not sure if the effect on weekends is a dip or a pump. the cause is that the traditional banking world does not process FIAT money inflow and outflow to the crypto exchanges and therefore the circuit is broken on weekends.
Definitely a dip. Probably for the reason you mention. Since the peak in price I think every weekend has been a dip, though it does usually bounce back towards the end of the Sunday.
My theory is that during a bull market weekends pump, while during a bear market they dump. I have no data or bothered even checking to see if that is true so take it with a grain of salt.
Yes, I've seen weekend pumps and weekend dumps. Never thought about it this way, it could be what you're saying. It's definitely not constant, but varies from pump to dump.
Lucky or not, my cousin is in for a pleasant surprise when price reaches and exceeds $100k, which could happen sooner that we think. Any time is a good time to buy corn, that's Bitcoin 101. We'll wait until sometime next week and if his orders are not filled, I'll log-in to his Kraken account and buy everything at market price (I have his log-in details, he trusts me).