Bakkt is Live but Bitcoin is not High

Bakkt started trading its Bitcoin (USD) Monthly Futures Contract from 23 September 2019 and a lot of expectations were built for this launch. People hoping for the Bitcoin to sky rocket and for the crypto currency market to follow it steps. But, at least for the moment, that didn't happen and the transactions are still at modest volumes. In the first days there was some sunshine and there was hope for an uptrend, but soon that was reversed and the downtrend continued each day.

The intraday transactions show us how the price evolves for the contracts set during the day. We can quickly view the volume traded and the price movements.

Source: https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/

The 3 months, 1 year and 2 year graphs still show some trend, but there are quite few days to be able to deduce or analyze the current produced data. Probably in time as more will be traded, the time component might present us what is to follow. I just wonder if any information can be extracted due the volatility of the market and if the futures might preview any reverse movements.

Source: https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/

At the current moment in time - 27 September 2019 - the crypto market took quite a big hit with price decreasing with about 15 - 20 % which doesn't help in any way to do some correlation with the Bakkt platform. Or does it...? I believe not and as stronger financial instruments are building up behind the solid crypto currencies I cannot but see a bright future. And in such difficult moments what we can do is just HODL.