Generally, there are many bidding wars right after day 1 start because there are many norgen young players. As 35T manager, I usually do not compete for buying these players. But after these players were gone, the competition in auction market may not as severe as expected. I will observe to determine if I will place bids. In some seasons, I can buy even 7 or 8 new players by spending 1 or 2 tokens for each on Day 1. Certainly, many of them are not the most attractive close-to-next-star players.
And yes, there are many bidding wars on Day3. Usually I sell some players on this day and then officially sign some reserve players who were academy players or were brought earlier.