Market Manipulation?

in #vincentb6 years ago

▼ 11290 BTC_USDT [BINA] - Coinigy - Google Chrome 1_19_2018 2_46_55 PM.png

CBOE CONTRACTS?

CBOE contracts expired on 1/17/2018.

After a relatively turbulent week in crypto, market had briefly brought the price of $BTC down to $9000. By Jan 9, there were 1,900 short position contracts for $BTC futures on CBOE. When the futures closed on 1/16/2018, $BTC had gone down 36%.
Rueters reported on the future contracts closing, "a win for the Bitcoin bears over the bulls."

CBEO's CEO Ed Tilly told the Finincial Times:
"The Market experienced a smooth operational close and the settlement process worked as designed."

CBEO launched the $BTC trading futures on 12/11/2017, which attacked so much volume that their site temporarily went down. The day of the launch, $BTC remained at $16,500-$17,500.

Now looking back before their launch, a Nov 2017 CBEO blog post by CFA Russell Rhodes speculating on their unkown potentiaal of $BTC futures reads:
" The question I am constantly hearing is, 'How will the futures prices relate to spot Bitcoin pricing', and the best (and most honest) answer I give is, 'I dont know [...] I've heard arguments for the futures trading at a premium and a discount to spot a price, personally i think the best strategy is to see what the market tells us when Bitcoin futures are available for trading."

CME launched the worlds second largest Bitcoin futures on 12/18/2017 which are set to expire 1/26/2018.

So basically guys these MF's shorted the shit out of it to slide in at a better value. I am no finincial advisor...take what I say with a grain of salt...but I would expect $BTC to go to all time highs after the 26th of January because now these guys will be going long.

Thanks ......Peace!

Info provided by DCTV.com, Whaletank.club and basically the reading between the lines, I think we all saw that coming.

Sort:  

Not for nuthin' but a knowledgeable friend told me likewise.

Ya I think after the 26th when CME's contract is up we may be back in action. If it does then we all know whats up. You also know that 4% of the wallets hold 96% of Bitcoin? 1 of those wallets belongs to "The Silk Road" which now belongs to the FBI/US gov after they siezed it. Guess who wants to get paid?

I hope it hits high again too! the vincentb effect

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 69692.63
ETH 3775.19
USDT 1.00
SBD 3.76