It seems like the market tanks everytime futures are set to expire.
every time?!!
last time it was a big drop or crash if you like (>30%) which was started because of Korean FUD saying they banned bitcoin which was also followed by same FUD saying China banned bitcoin mining.
then after the drop was nearly finished everyone started talking about how futures was also expired that day!
this time it is not even a crash! i mean it is a 12% drop and if you look around you can see the same shit is happening. news headlines are saying China banned bitcoin. LOL
I know it’s great having more money in the market but are futures a gift and a curse? What do you think?
maybe, but how much money do you think was invested in futures that can affect the market like this? i doubt it is enough to cause such drops.