Topic: [2020-03-18] Interest in BTC Futures Drops Amid Discussions (Read 175 times)
Now investors are just afraid to invest anywhere and this is normal. As soon as the situation stabilizes, this will change.
I think interest will soon increase when bitcoin starts to grow in price even more, and the stock will be in the red.
The stock market recovered a bit and so did Bitcoin, short-medium term it looks like the coronavirus and all the problems resulting from it are here to stay for a while (until perhaps it mutates into a less lethal form, higher temperatures mostly kill it off, or someone figures out how to cheaply fight it, as vaccines are probably 1-2 years away), so I wouldn't get my hopes up just yet.
I'm wondering what would they call "bottom" this time? I recall when BTC was staying above $9k, not so long ago, some "experts" were saying that $7.700 was a new bottom. But instead of bouncing up from $7.7k BTC plummeted to $5k from there. Or, am I missing something, and we are in totally different situation currently, when Bitcoin can only go up from the "bottom"?
Yeah I remember that too. Flags were lined up in the streets, we had months of low volatility and people were ready to say: this is it.
Then of course, we also have some of those calling even 2k and lower as potential bottoms now, but calling lower lows after Bitcoin just took a smashing isn't exactly prophetic now, is it?
Anyway. Interesting if stablecoins really are all backed by US dollars, what's to happen if they're all redeemed? Do we know there are audits on all these? And futures have no interest? Say whaaaat? I get if the bulls aren't interested but don't people be all lining up to short BTC now?
The futures are closer to Wall Street than to the Bitcoin investments.
And since everybody took out as much money they could from stocks, at a loss (!), they don't really have extra for playing on Bitcoin futures.
Of course, the huge drop of Bitcoin price also "helped".
And since everybody took out as much money they could from stocks, at a loss (!), they don't really have extra for playing on Bitcoin futures.
Of course, the huge drop of Bitcoin price also "helped".
On the contrary, I think financial institutions have taken profits in crypto to make up for the loss in the traditional financial markets that's why we have seen crypto markets collapse from $9k-$3800.
@Betwrong - I think the bottom we have this year is around $3800-$3900. I think it will be the same narrative, bitcoin will bounce from the bottom, just a matter of time, or it everything subsides in the next couple of months.
Quote from: https://cryptonews.com/news/interest-in-btc-futures-drops-amid-discussions-of-financial-6059.htm
I'm wondering what would they call "bottom" this time? I recall when BTC was staying above $9k, not so long ago, some "experts" were saying that $7.700 was a new bottom. But instead of bouncing up from $7.7k BTC plummeted to $5k from there. Or, am I missing something, and we are in totally different situation currently, when Bitcoin can only go up from the "bottom"?
The futures are closer to Wall Street than to the Bitcoin investments.
And since everybody took out as much money they could from stocks, at a loss (!), they don't really have extra for playing on Bitcoin futures.
Of course, the huge drop of Bitcoin price also "helped".
And since everybody took out as much money they could from stocks, at a loss (!), they don't really have extra for playing on Bitcoin futures.
Of course, the huge drop of Bitcoin price also "helped".
Despite record-high volatility in bitcoin (BTC), derivatives traders appear to be pulling money out of the market, while a “rush to cash” becomes the overarching theme for the financial markets. The moves in bitcoin follow major volatility in the traditional financial markets, where some of the largest players are fighting the idea of temporary market closure.
Judging from the aggregated open interest (OI) across all major futures exchanges, it seems that the crypto market crash, combined with the ongoing panic in traditional financial markets, are keeping traders away from the bitcoin derivatives market.
https://cryptonews.com/news/interest-in-btc-futures-drops-amid-discussions-of-financial-6059.htm
Judging from the aggregated open interest (OI) across all major futures exchanges, it seems that the crypto market crash, combined with the ongoing panic in traditional financial markets, are keeping traders away from the bitcoin derivatives market.
https://cryptonews.com/news/interest-in-btc-futures-drops-amid-discussions-of-financial-6059.htm
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