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/biz/ - Business & Finance

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16204775 No.16204775 [Reply] [Original]

>CME Bitcoin Futures Drops by 300% in the Past Week as Institutional Open interest Drops

>November wipes out 3 months gain in CME BTC Futures

>While everyone celebrates Bakkt now trading almost 1000 bitcoin a day, CME volumes are back down to 2018 levels.

https://coingape.com/institutional-open-interest-in-cme-bitcoin-futures-drops-by-300-in-the-past-week/

But don't worry guys we are definitely bull now because of muh halvening coming up...
Lol we are about to see how low this shit can go!

>> No.16204785

>>16204775
k thx

>> No.16204807
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16204807

>reduction in cme open interest is bearish
But why

>> No.16204869

>>16204807
Institutional longs are leaving the market in droves. With them goes the money they were investing as well. It's 2018 all over again.

>> No.16205616

>>16204775
OP Justed

>> No.16205646

>>16205616
By what, this 200 liquidation pump? You do realize how this works right anon?

>> No.16205680

>>16204869
>institutional
Retarded shill terminology call it what it is, gamblers with big wallets, nothing institutional in millenial penny stocks

>> No.16205849

>>16205680
>implying the 2017 bullrun could’ve happened without institutional money artificially pumping it just to short the top at futures trading opening.

>> No.16205856

>>16204775
bullish! cme is there to short bitcoin

>> No.16205868

>>16205849
Boy you are so clueless, instutional lmao.
You were played by tether chinks, move on.

>> No.16205888

Drumpfs handlers made him kill it

what a sell out

>> No.16205895

>>16205868
Were you here in September 2017 when the news of the CME futures news was in the operators terminal screens of Wall fucking Street?

>> No.16205906

>>16205856
80 IQ detected. These were institutional longs genius. Care to try that argument again?

>> No.16205962

>>16205906
im trying to increase my iq here, cme is only longs?

>> No.16205999

>>16205962
Read the article in the OP

>> No.16206020

>>16205999
trips checked. preparing my anus

>> No.16206034

>>16205888
Found the basedboy plebbit FAGGOT

>> No.16206083

>>16204775
cooper

>> No.16206096
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16206096

>>16205680
These gamblers with big wallet are literally institutions fucking brainlet

>> No.16206176

hi, brainlet here.
could someone explain to me why cash-settled futures would be bullish?
isn't that diverting money into paper bitcoin sidebets instead of directly going into the purchase of bitcoin to pump the price?
so it has an inflationary effect like paper gold used to suppress gold prices? tnx.

>> No.16206249

>>16205906
i was just kidding but cme dropped by 1000 btc that's 1 hour of trading volume on coinbase man... and 1 second on bitmex. i wouldn't overthink it...

>> No.16206294

>>16206176
because the guy who's going long on future can also spot buy to pump the price
if they don't go long on futures they have no incentive to pump the price

>> No.16206383

>>16204869
>thinking anyone gives a fuck about US
No one cares about the burgers, they are poor, broke and about to collapse.
China is our buddy now, China is rich and is pumping BTC as we speak

>> No.16206404

>>16206096
>under 10 million volume
>muh institutions
The shittiest Asian exchange has 100x the volume CME ever had.

>> No.16206435

>>16206294
yeah, i thought about that too, but that's short-term manipulation, right?
is it long-term bullish? tnx.

>> No.16206589

>>16205895
damn you really are on the left side of the IQ distribution, bet you would buy shit sprinkled with more shit if some pajeet told you it was chocolate