Yes, futures are pretty popular in securing commodities like oil at a set price to avoid volatility and ensure a steady supply, which makes sense. I'm still trying to figure out how this is applicable to BTC

I'm not really the biggest fan of futures on Bitcoin but now with BTC backed futures that have to secure BTC and payout in BTC there's some positivity that large orders can be made, securing BTC off the market to honour contracts and improve the trading volume and drive up scarcity over time.

Which is what many investors are assuming. It is a great way to get large buy orders in without the investor having to buy BTC, hold keys and have all that risk, which is sort of a positive. But it remains to be seen how these daily and monthly contracts affect the price over the coming months. I'm interested to see what the equilibrium price will be when it eventually settles I'm thinking around $7500

I do agree with you, these institutions have the capital to manipulate the market and with BTC being so dominant they can't do it for all alts. This is why we need continued decentralisation and making markets so large and varied it cannot be controlled or manipulated by large players

Thanks for the awesome comment!