Bakkt has quite a stash of Bitcoin gathered in the last months. So Bakkt can only "sell the news" indeed.
CME sounds as a good reason. Also maybe some speculators try to get some extra money off our expectations.
Topic: Selling the Bakkt news? - page 2. (Read 235 times)
I think the fall is due to the fact that six-month futures are closed on CME and because of this, push the price down to buy at a lower price
I think so. And as always this is a temporary phenomenon
I think the fall is due to the fact that six-month futures are closed on CME and because of this, push the price down to buy at a lower price
I understand that lots of cryptomaniacs here are expecting a bull run after Bakkt launched Bitcoin futures trading last September 23rd. However, it turns out that it heads the other way around.
Instead of a bull run, the price is down once again.
I think institutional investors are looking for a bottom price target before hitting the buy button. Correct me if I’m wrong, but I think they’re doing this to accumulate more Bitcoin.
This isn’t like Facebook’s Libra coin announcement, where bull run really commenced and it almost reached $14k before correcting.
Do you think they’re selling the news in order to accumulate more Bitcoin? Or Bakkt’s recent news doesn’t really impact at all?
Instead of a bull run, the price is down once again.
I think institutional investors are looking for a bottom price target before hitting the buy button. Correct me if I’m wrong, but I think they’re doing this to accumulate more Bitcoin.
This isn’t like Facebook’s Libra coin announcement, where bull run really commenced and it almost reached $14k before correcting.
Do you think they’re selling the news in order to accumulate more Bitcoin? Or Bakkt’s recent news doesn’t really impact at all?
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