We are currently trading at $16,325 for the Bitcoin Futures Market according to https://cryptowat.ch/okcoin/btcusd-quarterly-futures under OKCoin BTCUSD Futures.
Now this can and will probably change by the second, but futures have been live for over 3 hours, and the price is on an upward trend.
Tomorrow the news will most likely announce Bitcoin Futures, and the real trading will begin!
I look forward to watching this historical event, and hope everyone has a blessed day.
Post - Vote - Earn :D
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This is for entertainment purposes only!
Well, maybe it's time to sell now
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Why do you say that.. We just got started :D
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Because mania phase is for fixing for me,
so I added a bit of skepticism here))
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It is an interesting situation since every short contract needs to be offset by a long contract. There are nothing backing these transactions...it is all paper...no token ownership required.
I think people were hesitant to buy BTC fearing the future market might throw the price into a free fall. Once that did not happen, it went back up.
Trend is still on track. BTC is still pushing upward.
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The orderbooks on the CBOE are full of gaps right now, so we'll see lots of choppy price action today and tomorrow.
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The total market cap went from $415B to $435B since the future market opened.
Everyone waiting to see what happened....pent up demand? Or something else?
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This now gives more context to why bitcoin was falling so drastically and now is rebounding. I might put a little bit of what I have into BTC because it will most probably go back up to around 18-20k.
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