Days marked on the calendar (national holidays, joint leave, public holidays) often are not just about time off, but can serve as collective psychological triggers in the market, including crypto. Here are some patterns or reasons why dates like these often leave an impression:
🔍 Why Do Holidays Affect the Crypto Market?
Mass Psychological Effects:
Many people have more free time, opening apps, monitoring prices, even experiencing FOMO.
Viral content (such as positive/negative news about crypto) spreads more quickly because many are active online.
Local Volume Rises/Drops Before Holidays:
Before holidays, traders tend to take positions or profit-taking → this can trigger price spikes or drops.
During holidays, local volume decreases, but extreme movements can occur due to the dominance of global traders.
Important Events or News Often Occur Around Holiday Dates:
Many crypto projects adjust announcements, updates, or listings when many people are online.
For example: airdrops, token releases, FOMC meetings, SEC hearings, or ETF approvals are often deliberately scheduled close to public holidays.
Local 'Calendar Effect':
In Indonesia, Fridays & long holidays (long weekends) are often accompanied by spikes in FOMO in altcoins.
Meanwhile, Mondays or the day after holidays tend to see heavy selling activity ("Monday dump").