How BTC Futures CME Manipulate the price of Bitcoin

Written by sergey-baloyan | Published 2020/01/02
Tech Story Tags: bitcoin | btc | analysis | bitcoin-value-prediction | bitcoin-futures-contract | bitcoin-price-analysis | bitcoin-spotlight | bitcoin-futures-cme | web-monetization

TLDR The largest American company CME Group launched Bitcoin futures two years ago. CME futures are one of the most manipulative instruments on the cryptocurrency market. The opening and closing of their futures suggests when the bottom will be. The market went up a little, but by the close of the 6-month contract, the market fell by 71%. By December 30 the semi-annual contracts M20 will be opened (12/30/19 - 06/29/20). And December 30, a two-year contract opens and this fact will push the price up.via the TL;DR App

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Written by sergey-baloyan | X10.Agency Founder | Web3/Crypto/NFT marketing and launch | Worked with 250+ projects
Published by HackerNoon on 2020/01/02