# Phyrex Ties Bitcoin’s Sharp Drop to Weekend Liquidity and Cascading Sales By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/57605 Published: 2026-11-15T01:39:17.000Z Updated: 2026-11-15T01:39:17.000Z Section: Investing > Recent Bitcoin transfers to exchanges showed no abnormality, and net flows had not accumulated substantially. Bitcoin (BTC) may have fallen sharply as concentrated selling met thin weekend liquidity, analyst Phyrex said, even as recent BTC transfers to exchanges showed no abnormality and net flows had not accumulated substantially. Phyrex described the move as a cascading sell-off, saying it looked less like a large, organized dump or sales by long-term or early investors. His view echoes an [earlier analysis of Saturday’s decline]() that also pointed to thin weekend liquidity. ## Links in this article - [earlier analysis of Saturday’s decline](https://www.tokenpost.com/news/investing/40462)