The CBOE future contracts on bitcoin for the month of January expire February 14, 2018. This is the first month there are more contracts going “long” or betting BTC will appreciate than going “short” and expecting BTC to depreciate in value. This is a very positive sign for BTC’s price in the short term as last month when the future’s traders betting BTC will depreciate they clearly manipulated the market downward the day of futures expiration for the CBOE and CBOT. This month if they do use their invisible hand in the market to move it up or down, at least it will be with their future’s positions, moving the value of BTC higher. The futures traders are clearly the “whales” in these markets, and their influence impacts the markets greatly. Their betting BTC will appreciate heading into the five major conferences this week is a very positive occurrence.
Tomorrow also :
https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-cftc-event-bolster-ethereum-prices-wednesday/
Another (positive ?) report from the CFTC.