Why does the price of Bitcoin often experience drastic overnight drops?
You supposed to mention your country time zone. Your night time
maybemay be the evening or morning in some countries.
When bitcoin fell yesterday, it was in the evening in my country. I mean when it fell below $116000 yesterday. But the price increased back in the midnight and increased more at
dawndusk.
There are times that bitcoin will fall during the day and also overnight. So what you said is strange to me and it is not correct.