|
Real crypto futures and market BTC
|
Dear Clients,
Attempts to explain another failure of BTC prices by more than 20% divided
analysts into two camps.
|
Traditional reason:
Expiry of more than 50% of quarterly BTC futures on CME (09/22/19), the
closing of options on Deribit and LedgerX (09/25/19) and liquidation of
large long positions on Bitmex. The necessary technical rollback of about
30% has already been completed.
|
|
Second idea:
Bakkt, a subsidiary of ICE, starts trading BTC Deliverable Futures on ICE
since December 12. Recall that CBOE and CME have long had settlement BTC
futures. Now the trader, who holds Bakkt futures open until the moment of
expiration, receives a crypto currency calculation, which will allow miners
to hedge their risks. The long-term goal is to influence the positive
decision of the SEC in the topic of opening the Bitcoin ETF.
BTC Bakkt futures are prepaid until the contract is concluded, the coins are
stored in the crypto wallet of the exchange (Ice Clear US clearing), the
minimum contract is 1 BTC. The price is not limited; upon closing the
contract, the coins are returned to the client’s BTC wallet. According to
Bakkt, this asset helps the market determine the «fair» price of BTC, which
as of 10/01/19 is much lower than $10,000 - just at the current level. So,
we recommend monitoring the dynamics and
volumes
of new futures.
|
|
|
