Bitcoin price drop but institutional investors on Bakkt are buying like crazy!

[piebeyb]

lucky for those who still have large funds to take over bitcoin from the hands of people who are weak and easy to panic, I also often say this stay away from the mass media because they have a real FUD, but I can't hold those who are starting to feel panicked I hope they can buy it below the price they sell it, I already suspected this about this 

The panic person will sell all the assets he has and not think long about his future, I also still save some funds to buy at prices like this I will not be influenced by any FUD news this is an opportunity for us to start buying at a price that is it's cheaper that the whale wants too.

yes at least we all don't blame them and force them to do HODL, all traders' decisions and every risk is borne by each trader, so whatever happens now don't make yourself controlled by emotions and panic, if you have other funds you can take cheap at this time, I am also waiting to take the best moment to buy it, bitcoin does not require weak traders and bitcoin needs people who believe, do not choose the people on your left who go and panic at the price of bitcoin

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[bitvalak]

lucky for those who still have large funds to take over bitcoin from the hands of people who are weak and easy to panic, I also often say this stay away from the mass media because they have a real FUD, but I can't hold those who are starting to feel panicked I hope they can buy it below the price they sell it, I already suspected this about this 

The panic person will sell all the assets he has and not think long about his future, I also still save some funds to buy at prices like this I will not be influenced by any FUD news this is an opportunity for us to start buying at a price that is it's cheaper that the whale wants too.

yes at least we all don't blame them and force them to do HODL, all traders' decisions and every risk is borne by each trader, so whatever happens now don't make yourself controlled by emotions and panic, if you have other funds you can take cheap at this time, I am also waiting to take the best moment to buy it, bitcoin does not require weak traders and bitcoin needs people who believe, do not choose the people on your left who go and panic at the price of bitcoin

In fact there are more people who panic than people who can control their emotions.
But the good thing will be selected where people who really want bitcoin, if prices are still held below current prices I think tomorrow there will still be a queue that will panic sell 

[boris singer]

Bakkt always moves slower than ordinary markets, is this just my mind? I am just a little immune to fud, the institution always benefits from this, some of the panic things that I did in the conversion of usdt in the end still have to think clearly that the trend may not always be like now, I just protect the value of my assets for some time.

[Febo]

Bitcoin price drop but institutional investors on Bakkt are buying like crazy!

$20 million is by far nor crazy amount. But right the opposite, it is extremely little. Until there will be at least $100 million traded on BAKKT every single day ( except weekends of course ), BAKKT will be of little importance.

[Harlot]

Chances are they are also the ones who have started the price drop/correction in the first place if they aren't the ones then other whales have planned to do this kind of sell off to trigger some kind of correction so that they can short Bitcoin. It's that obvious since after it went down to 6,500$ it quickly got back up to around the 7,200$. I've seen this kind of price movements before and I haven't panic since 2017. These kinds of price drops where I am too late to short Bitcoin is I know myself that it's too late to cut Bitcoin and I just have to wait their quick recovery of it and so it did the correction didn't last for 24 hours and I am happy with the quick recover that Bitcoin did this late in the day.

[exstasie]

Some hedge funders out there appear to have made a stronger bet on the short side of the CME bitcoin futures market over the past week, data from the Commodities Futures Trading Commission shows.

As per a research report by The Block's Ryan Todd, hedge funds were overwhelmingly short during the week of November 12th compared to the sell-side, asset managers, and other groups. Specifically, net short positioning (Short OI - Long OI) among hedge funds that trade the CME bitcoin product was at an all time high over the last two weeks of COT report prints.

Not surprising given the magnitude of the decline.

Fortunately this gives us a glimpse of overall commitment of traders and market sentiment: the market is heavily short and expecting lower prices. Bitfinex shorts are also up 56% from the low at the October close. The Crypto Fear & Greed Index is also comfortably back in "Extreme Fear." I've even had two friends ask me if/when they can buy in the $3,000s.

All of these point to a major bullish reversal on the horizon. This is our "darkest before dawn" moment. The low $6,000s is an excellent long term buying range for those with the balls to catch the knife.

[Theb]

Bakkt always moves slower than ordinary markets, is this just my mind? I am just a little immune to fud, the institution always benefits from this, some of the panic things that I did in the conversion of usdt in the end still have to think clearly that the trend may not always be like now, I just protect the value of my assets for some time.

I don't think that they move slower per se but they are just waiting for the right time to buy and sell any asset. These is how financial institution works they don't participate with the noise happening around the market and they just wait for things to settle down a bit or if they decided to join the noise they'll make sure that their participation would result in a short which they have a power to do so, just by joining the noise with a little effort they are just risking all the money they have for nothing. At least when they participated buying BTC back at around the 6,500$ area it instantly paid off for them, they might also be the reason why BTC prevented to go down more with a little help of some whales of course.

[Wexlike]

Bakkt always moves slower than ordinary markets, is this just my mind? I am just a little immune to fud, the institution always benefits from this, some of the panic things that I did in the conversion of usdt in the end still have to think clearly that the trend may not always be like now, I just protect the value of my assets for some time.

I don't think that they move slower per se but they are just waiting for the right time to buy and sell any asset. These is how financial institution works they don't participate with the noise happening around the market and they just wait for things to settle down a bit or if they decided to join the noise they'll make sure that their participation would result in a short which they have a power to do so, just by joining the noise with a little effort they are just risking all the money they have for nothing. At least when they participated buying BTC back at around the 6,500$ area it instantly paid off for them, they might also be the reason why BTC prevented to go down more with a little help of some whales of course.

I think they are the first on the market with a physical(lol) delivered bitcoin product. So definitely not a slow mover. I agree with all the rest of what you said.

[LUCKMCFLY]

Everything that has to do with BAKKT I see it in a very positive way, because new investors are entering, many say that BAKKT had a negative impact on the market, I see it differently, I think the market went down due to the purchases that They began to give, and the best way to buy is cheap and that is why I think there were many Shorts.

The long-term impact of BAKKT will be positive, market liquidity may increase as the price increases.

In this article I like his approach:https://decrypt.co/11976/bakkt-sees-record-bitcoin-trading-after-market-crash he has collected information that may be of current interest.

[darkangel11]

Volatility always brings people to the market because deep inside all people are gamblers and want to feel the thrill and get some money fast.
Bakkt volume is going up but what if all those people who buy contracts there are shorting? Have you thought about that?

On second thought, even if they are shorting bakkt has to provide physical bitcoins to cover the trades so even when you are shorting they have to buy more to have enough BTC to cover the contracts. This should at least for now push the price up.

[piebeyb]

lucky for those who still have large funds to take over bitcoin from the hands of people who are weak and easy to panic, I also often say this stay away from the mass media because they have a real FUD, but I can't hold those who are starting to feel panicked I hope they can buy it below the price they sell it, I already suspected this about this 

The panic person will sell all the assets he has and not think long about his future, I also still save some funds to buy at prices like this I will not be influenced by any FUD news this is an opportunity for us to start buying at a price that is it's cheaper that the whale wants too.

yes at least we all don't blame them and force them to do HODL, all traders' decisions and every risk is borne by each trader, so whatever happens now don't make yourself controlled by emotions and panic, if you have other funds you can take cheap at this time, I am also waiting to take the best moment to buy it, bitcoin does not require weak traders and bitcoin needs people who believe, do not choose the people on your left who go and panic at the price of bitcoin

In fact there are more people who panic than people who can control their emotions.
But the good thing will be selected where people who really want bitcoin, if prices are still held below current prices I think tomorrow there will still be a queue that will panic sell 

that's why I always recommend my people to trade in a good mood, I don't hold back at current prices and don't care about bitcoin prices going up or down, let them panic selling because I'm not trying to hold their decision to sell, so I just give advice just take it easy, try to keep up with the current market and wait for it to really get into 2020