The price of Bitcoin is currently $ 8,000 as deep as it has been since June 2019 not more. The mood among investors is tense. How is the situation on the crypto-market? A view of suspicion of manipulation at BTC-Course.
By Phillip Horch
On the 27. September 2019BTC$8.007,86 -4.06%part Facebook Twitter LinkedIn xing mail
at least since the price of Bitcoin, the 10,000-US-Dollar-brand, and gradually, the has 9,000 to the US Dollar mark is torn, you can not say it differently: The mood at the crypto market was even better. According to the Crypto Fear & Greed Index investor sentiment on the 27. September extremely scared, however, with a slight increase in contrast to the previous day:
To the statement: The Fear & Greed Index-investor sentiment in crypto is trying to market to reflect. It is made up of various factors, such as the Bitcoin rate history, but also from a Fundamental and technical analysis. According to the initiators of the alternative.me you can apply here are the basics of anti-cyclical Investments – of course without warranty.
Bitcoin price Manipulation through Futures?
crypto-Fans had of the BTC futures contracts from the home Bakkt hoping for a great signal. Physically secure Futures, with which institutional investors in the Bitcoin rate bets – this should also rinse the big money in the Ecosystem. But far from it: at the moment it looks more as money leaves the market. As we explain here, there was, in this context, it appears that some misguided expectations. But there are also suspicions that go in a completely different direction.
According to an analysis of Arcane Research, there is evidence that by the Bitcoin Futures the price of Bitcoin is manipulated consciously, but at least is affected. They refer here to the since 2017 existing BTC Futures on the Chicago Board of options exchange, the CME, not on the freshly launched Bakkt Futures. According to the Arcane Research of the Bitcoin exchange rate has fallen in 15 of the 20 cases before the contracts expired. Therefore, it is likely that institutional investors affected the BTC Price development significantly.
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The idea behind it, the following is open: at the beginning of a Future-stage investors will go long with actually purchased Bitcoin. At the same time you make a bet on via Bitcoin Futures that prices will fall again at a later date. Before the contracts expire, then they repel a large amount of Bitcoin again, to solve a series of Sell Orders and win the bet twice. Similar suspicions in the past.
What you must note here, however: Arcane Research observed in the past a case of the BTC exchange rate of “only” two percent before the contracts expired. For price movements in the last couple of days it would take, but then larger chain reactions.
whales in the shark tank
Then the so-called whales, cavorting pool in the large crypto-shark are there. What may be attributed to institutional investors, also applies to the BTC whales: they can move large amounts of money.
this walbeweg correlated payments last with a strong kink in the Bitcoin rate, may hardly surprise. So the Blockchain analysis service Whale Alert posted on 25. September, that whales moving total of 14.400 units of BTC and, in addition, the Stable Coins in the million-Dollar range.
CME Futures, to run out
Actually run on today’s 27. September CME Futures from. The theory is that investors, up to 24 would. September, with a physical Bitcoin long for the day today with Futures short, there will not be benefit. Theoretically.
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Because here you have to be conclusions carefully. Just because something is correlated, does not mean that it also depends on causal together. In other words: Just because the Bitcoin price falls before the date of expiry of the contracts, that does not necessarily mean that a Manipulation is taking place. Nevertheless, you should keep track of the movements of a critical eye.
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Bitcoin price on dive: Buy or run? Bakkt Futures: COO sees an indicator of future Bitcoin exchange rate Bitcoin ETF: VanECK-withdrawn#Bitcoin price#Futures#Manipulation