What are Bakkt's wallet addresses?
They store Bitcoin in warehouse not in wallets.
Not that great week for Bakkt
Haha, I missed this. good one I choked on my coffee.
Topic: Bakkt - page 3. (Read 5599 times)
What are Bakkt's wallet addresses?
They store Bitcoin in warehouse not in wallets.
Not that great week for Bakkt
So they have a wallet, where they deposit the bitcoin to be sent at future expiry to future holders.
Regarding the volume: I think it’s quite common for future exchanges to have limited liquidity over the holidays and across End of (fiscal) Year. I think we will se a surge back in volumes and open interest in January.
What are Bakkt's wallet addresses?
They store Bitcoin in warehouse not in wallets.
Not that great week for Bakkt
Updated BAKKT..
Source: https://twitter.com/BakktBot/status/1206940871716945920
Quote
ICYMI: Monday's Bakkt Bitcoin Monthly Futures:
📈 Traded contracts: 2898 ($19.90 million, +87%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $7.02 million (+11%)
Sats for servercosts: https://tippin.me/@BakktBot
📈 Traded contracts: 2898 ($19.90 million, +87%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $7.02 million (+11%)
Sats for servercosts: https://tippin.me/@BakktBot
Source: https://twitter.com/BakktBot/status/1206940871716945920
Nice, if you look cloesely you'll notice Open Interest is at historical maximum: this means more BTC will be actually bought at contract expiry.
BAKKT had a slow start, but thing are starting to roll positively.
Updated BAKKT..
Source: https://twitter.com/BakktBot/status/1206940871716945920
Quote
ICYMI: Monday's Bakkt Bitcoin Monthly Futures:
📈 Traded contracts: 2898 ($19.90 million, +87%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $7.02 million (+11%)
Sats for servercosts: https://tippin.me/@BakktBot
📈 Traded contracts: 2898 ($19.90 million, +87%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $7.02 million (+11%)
Sats for servercosts: https://tippin.me/@BakktBot
Source: https://twitter.com/BakktBot/status/1206940871716945920
Updated Bakkt...
Source: https://twitter.com/BakktBot/status/1205853708787101697
According to Trabue Bland, President of ICE Futures U.S.:
Source: https://www.businesswire.com/news/home/20191212005554/en/
Quote
ICYMI: Friday's Bakkt Bitcoin Monthly Futures:
📉 Traded contracts: 1551 ($11.23 million, -22%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $6.33 million (+13%)
Sats for servercosts: https://tippin.me/@BakktBot
📉 Traded contracts: 1551 ($11.23 million, -22%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $6.33 million (+13%)
Sats for servercosts: https://tippin.me/@BakktBot
Source: https://twitter.com/BakktBot/status/1205853708787101697
According to Trabue Bland, President of ICE Futures U.S.:
Quote
“Based on our benchmark physically delivered bitcoin futures, these options contracts offer our customers a capital-efficient new tool for trading and for managing volatility, price risk and income generation,”
Source: https://www.businesswire.com/news/home/20191212005554/en/
Interesting article that talks about Wall Street to Washington with Bakkt
There are many plans for 2020, but not before mentioning the app that is well explained in: Bakkt Teases Launch of Consumer Payments App Scheduled for 2020, cointelegraph.com, And all the products launched, it is expected that by 2020 the price can reach much higher levels, as the crypto scenario is very promising.
Source: https://cointelegraph.com/news/wall-st-to-washington-bakkt-launches-new-products-ceo-joins-senate
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Additionally, Bakkt has some concrete plans to facilitate its crypto expansion into the mainstream in 2020 — a consumer app developed in conjunction with the “flagship retailer” Starbucks. According to the company, the app will help consumers “unlock the value of digital assets, as well as ways in which they can transact or track them.”
There are many plans for 2020, but not before mentioning the app that is well explained in: Bakkt Teases Launch of Consumer Payments App Scheduled for 2020, cointelegraph.com, And all the products launched, it is expected that by 2020 the price can reach much higher levels, as the crypto scenario is very promising.
Source: https://cointelegraph.com/news/wall-st-to-washington-bakkt-launches-new-products-ceo-joins-senate
Another Update Bakkt!
Source:https://twitter.com/BakktBot/status/1205128963410059264
Quote
ICYMI: Wednesday's Bakkt Bitcoin Monthly Futures:
📉 Traded contracts: 2067 ($14.79 million, -9%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $5.54 million (+4%)
I run on caffeine: https://btl.to/@BakktBot
📉 Traded contracts: 2067 ($14.79 million, -9%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $5.54 million (+4%)
I run on caffeine: https://btl.to/@BakktBot
Source:https://twitter.com/BakktBot/status/1205128963410059264
Updated Bakkt..
Source: @BakktBot
Source: https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html#tradeDate=20191206
Source: https://cryptobriefing.com/bakkt-bitcoin-options-contracts/
Quote
Monday's Bakkt Bitcoin Monthly Futures:
📈 Traded contracts: 2513 ($18.50 million, +40%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $5.33 million (-9%)
I'm a bot and I like this trading bot - a lot. Try it for free: https://3commas.io/?c=bkt
📈 Traded contracts: 2513 ($18.50 million, +40%)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $5.33 million (-9%)
I'm a bot and I like this trading bot - a lot. Try it for free: https://3commas.io/?c=bkt
Source: @BakktBot
Quote
Bakkt and CME are directly comparable given their regulated nature.
Source: https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html#tradeDate=20191206
Source: https://cryptobriefing.com/bakkt-bitcoin-options-contracts/
Bakkt Activities..
Source: https://twitter.com/ecoinometrics/status/1204052929117741056
On the other hand, an interesting article in the blog ..
An excerpt from it ...
Source: https://medium.com/bakkt-blog/expanding-the-bakkt-bitcoin-product-complex-68000faea6b3
Quote
#Bakkt #Bitcoin Futures Activity Report
With 12 days left to go to Dec'19 last trading day and prices stuck below US$ 8,000 we see more contracts being closed.
Keep an eye on it with the Bakkt #BTC report 👇
With 12 days left to go to Dec'19 last trading day and prices stuck below US$ 8,000 we see more contracts being closed.
Keep an eye on it with the Bakkt #BTC report 👇
Source: https://twitter.com/ecoinometrics/status/1204052929117741056
On the other hand, an interesting article in the blog ..
Quote
Expanding the Bakkt Bitcoin Product Complex
An excerpt from it ...
Quote
Bakkt Bitcoin (USD) Cash Settled Futures: This new cash settled futures contract available on ICE Futures Singapore, an Approved Exchange in Singapore that offers participants in Asia and abroad a convenient, capital efficient way to gain or hedge exposure to bitcoin. This contract leverages the settlement price of the benchmark Bakkt Bitcoin (USD) Monthly Futures and provides an alternative for participants who are unable to trade our physically delivered contract.
Source: https://medium.com/bakkt-blog/expanding-the-bakkt-bitcoin-product-complex-68000faea6b3
What will happen tomorrow in your opinion? Bakkt launching BTC cash-settled futures
Nothing I guess, the hype around Bakkt is no longer in the air, so I don't think that it can put a significant effect on the market with their new launch. Probably we might see some spike, but that's it, all the Bakkt effect has been price in. So I wouldn't put too much on this cash settled futures, we grew tired of it.
What will happen tomorrow in your opinion? Bakkt launching BTC cash-settled futures
I don't think it's a highly anticipated event. If Bakkt had only been launching cash-settled contracts from the start, it never would have been hyped up at all. It was physical delivery that was a big deal.
When the news about a new cash-settled instrument dropped last month, the market was tanking and it kept tanking, so it didn't really set up a "buy the rumor, sell the news" situation.
Cross-posting this here for reference sake, but in my opinion the damage Bakkt caused with it's launch has ended.
I would therefore not attribute any further downside to the launch of Bakkt, as I believe it's bearish target has been met.
I would therefore not attribute any further downside to the launch of Bakkt, as I believe it's bearish target has been met.
Changes in Bitcoin-favorable direction may arise.
Hans Haya, senior quantitative analyst at Ikxigai, has a bullish trend thinking not only for price and adoption, Bakkt also takes center stage in the market.
Source: https://www.newsbtc.com/2019/12/06/large-amount-dormant-bitcoin-dramatic-shift-incoming/
Hans Haya, senior quantitative analyst at Ikxigai, has a bullish trend thinking not only for price and adoption, Bakkt also takes center stage in the market.
Quote
Per previous reports from this outlet, the confluence includes: Deutsche Bank, the 17th largest bank in the world, recently observed that its estimates predict that the number of individuals using Bitcoin and cryptocurrency will appreciate by over 500% in the next decade; the CEO of Bakkt has just become a U.S. Senator, meaning that Bitcoin could get its own cheerleader in Washington; and the idea that BTC is entering a long-term buying zone.
Source: https://www.newsbtc.com/2019/12/06/large-amount-dormant-bitcoin-dramatic-shift-incoming/
Well, there are 3 days left ...
Source: https://twitter.com/ICE_Markets/status/1202358166673117184
Source: https://beincrypto.com/bakkt-to-release-cash-settled-bitcoin-options-futures-after-ceo-becomes-a-u-s-senator/
On the other hand:
PlanB
Quote
The Intercontinental Exchange (ICE) is a known backer of Bakkt and recently tweeted out that in just 4 days users will be able to trade on two new markets on Bakkt. Bitcoin (USD) options trading and Bitcoin (USD) cash-settled monthly futures will soon be available. The public was first made aware of these new market additions in an announcement by Bakkt in late November, as reported by BeInCrypto.
Source: https://twitter.com/ICE_Markets/status/1202358166673117184
Source: https://beincrypto.com/bakkt-to-release-cash-settled-bitcoin-options-futures-after-ceo-becomes-a-u-s-senator/
On the other hand:
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So bears are afraid of futures?
Futures have brought ratio back to this market at peak FOMO in Dec 2017! Yes short term manipulation with futures is possible, like in gold markets, stop loss hunting with spoofing. But long term futures provide exits for institutional investors!
Futures have brought ratio back to this market at peak FOMO in Dec 2017! Yes short term manipulation with futures is possible, like in gold markets, stop loss hunting with spoofing. But long term futures provide exits for institutional investors!
PlanB
Go Bakkt!
Source: https://twitter.com/ecoinometrics/status/1202234143972552705
Quote
#Bakkt #Bitcoin Futures Activity Report
Open interest level stable but a massive drop in trading volume yesterday.
For the past few days #Bakkt trading volume has followed a pattern similar to the CME #BTC futures.
Keep an eye on it with the daily updated report 👇
Open interest level stable but a massive drop in trading volume yesterday.
For the past few days #Bakkt trading volume has followed a pattern similar to the CME #BTC futures.
Keep an eye on it with the daily updated report 👇
Source: https://twitter.com/ecoinometrics/status/1202234143972552705
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