Bitcoin Price Trades Down after CME Futures Launch

https://www.ccn.com/bitcoin-price-trades-down-after-cme-futures-launch/

"The bitcoin price posted a single-day decline following the much-anticipated launch of bitcoin futures contracts on U.S. derivatives exchange CME."

"CME Launches Bitcoin Futures
As CCN reported, the Chicago-based exchange listed bitcoin futures for trading on Sunday evening. Bitcoin futures had already been trading on fellow Chicago exchange CBOE for one week, but CME is a much larger exchange, and analysts expect it to attract much more trading volume, particularly from institutional investors with deep pockets.

At the time of writing, CME had processed 670 contracts — each equivalent to 5 bitcoins — which translates into approximately $64 million worth of volume at the current bitcoin spot price. Nearly all of that volume was concentrated in January futures, which traded as high as $20,650 and as low as $18,345."

for more info click link below
https://www.ccn.com/bitcoin-price-trades-down-after-cme-futures-launch/

Here is what I think:
Even after the dip. In my opinion Bitcoin is still looking strong. If you look at the one hour candlestick chart below. At the opening of the futures market. They shorted bitcoin hard for the first two hours of trading then it started to work its way back up. I don't think we will see a large drop until the big Money Masters, like JP Morgan jump in to short bitcoin.

I'm curious to see how this next week of bitcoin futures trading turns out. This is differently a crazy ride!