While the larger world economy right now is well-supplied with liquidity, courtesy of years-long quantitative easing policies by central banks, the crypto market may be low on fuel. So there just may not be enough new wealth entering the market at the very high prices..
While the market cap of all crypto coins was around $15 billion, one could easily find another $15 billion of liquidity to buy it all up several times. Some believe it was the launch of futures that triggered the drop in Bitcoin's price from the recent heights..
But no one can say for sure what is happening behind the scenes, and Bitcoin futures trading almost matches the spot market. Some believe whales may already know how to manipulate the market: This is just how the world of cryptocurrencies works, and the sell-off is a natural part of the lifecycle..
As the market enters uncharted territory and 2018 looks promising in terms of technology, the prices may take any direction, as well as the projects. And no one knows which asset would attract the attention of mainstream investors and reach mind-boggling market prices a year from now
Dear HODLers,
Here's how the bitcoin whales will play you:
1. Whales sell futures on CME
2. Whales dump bitcoins on exchanges
3. Price tanks, but futures position offsets losses.
4. You lose, they don't.
Have a nice day
https://cryptovest.com/news/cryptocurrencies-in-panic-more-five-reasons-for-the-end-of-year-crash/