The Bitcoin Futures from home Bakkt reach at 9. October its previous all-time high. Timed to coincide with a rise in the Bitcoin price.

By Phillip Horch
10. October 2019BTC$8.542,39 -0.29% part Facebook Twitter LinkedIn xing mail

the ground While moving Bitcoin away from the US $ 8,000, there is in terms of futures contracts, record numbers were recorded. So a Bot that tracks the Futures of the company announces that Bakkt on 9. October has published a lot of BTC Futures as never before:

With a 796% increase in Bakkt is happy about 224 traded monthly futures contracts on the last Wednesday. This may mean a short-term increase. In comparison to the previous all-time high of 27. September and 166 futures contracts is the inlet, however, at 35 percent. So what does the all-time high of Bakkt Bitcoin Futures?

Bakkt Bitcoin Futures, and the crypto-market

What you can hold, is Bakkt a radically increased interest in Bitcoin Futures from the home. In the very short history of less than a month, no Trends can yet foresee.

the launch of The BTC Futures of Bakkt went hand in hand with high expectations on the part of the crypto Community. The possibility to bet using futures contracts on the price of the largest crypto currency by market capitalization, was nothing New. Nevertheless, the one promised by the now physically safe Futures, an inlet of institutional investors. These seem to care increasingly for the market.

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the Bakkt BTC Futures are physically stored, it means that the units of the crypto-currency must be bought, so that contracts can be completed. In the case of conventional Futures this is not the case. This also means that with a surge of interest in Futures is also a rise in the price goes hand-in-hand.

‘ve Had an increase in the Futures influence the price?

In the overall low volume of trade in Bitcoin Futures from home Bakkt, it is unlikely that you will be increases for such a strong rate as at 9. October are responsible.

As explained, we already yesterday, were, in contrast, at the time of the increase, it is increasingly Bitcoin-whales active. Moving within a short period of time large amounts of BTC. The entire analysis is here.

More:

Bitcoin-price – and Market analysis: Bloomberg bullish Bitcoin price right at 90,000 US Dollar: Bullish the study of the BayernLB Bitcoin price at $ 8,000: Is manipulated BTC?#Bakkt#Bitcoin Futures#Bitcoin-Price

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