Currently the power of the futures market is showing as since entering the market in December it has resulted in nothing bt a constant 'short' of bitcoin.
The lack of volume has resulted in the downtrend for BTC as we can see.
https://twitter.com/iamjosephyoung/status/979234785968078848
- iamjosephyoung
From DVA Telegram Group
안녕하세요 디바입니다.
지금 현재 CME 3월 선물 거래는 한국 시간으로 30일 0시 (자정)으로 거래가 만료 되었습니다.
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
하지만 선물 거래 양도일 ( Settlement date) 은 4월 4일 이며 이 날 전 까지는 선물로 팔렸던 비트코인이 시장에 풀리지 않습니다. 따라서 거래 만료일 (30일 자정) 에 선물 거래 종료로 인해 비트코인이 하락 (또는 상승) 하는 내용들은 사실성이 많이 떨어집니다. 투자하실때 이점 유의하시길 바랍니다.
Hello. This is D.Va We like to clarify the fact that CME bitcoin future trading for March has been terminated as of 11am (EST) today.
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
However, the Settlement date for March trading is set on 4th, April,
which means the Bitcoins during the CME future trading will NOT be introduced into the current market until that day.
Thank you.
Feel free to join my crypto group: https://www.facebook.com/groups/cryptoladsinvesting/
Stay safe and enjoy the Easter break.
Cryptoshaf
DISCLAIMER: Everything stated here are my opinions and my research. Always invest with money you can afford to lose and do your own research - these are VERY risky investments. A lot of groups and people will misguide you so be sure you know what you are doing. Always remember all these investments can erode significantly in value as these are VERY volatile markets.
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