Weekend trading saw cross-asset deleveraging led by Avalanche (-8.6 %) and Uniswap (-8.5 %), dragging the CD20 index to 3068.55. Thin liquidity outside U.S. hours magnified order-book gaps, so even moderate sell programs forced outsized prints.
No single headline triggered the drop; instead, macro desks pointed to pre-expiry futures hedging and profit-taking in high-beta altcoins after April’s strong rally. Bitcoin dipped only 1.2 %, but because CD20 is equally weighted, weakness in mid-caps dominated.
With Monday’s bounce in majors, the weekend drawdown looks more like positioning than structural deterioration. Still, it highlights why weekend risk management—including wider stops or reduced leverage—remains essential for traders in 24/7 crypto markets.
