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RE: Ex CFTC Chair: "Trump Administration Popped the Bitcoin Bubble in 2017"
Sounds about right.
Now the market is totally bottomed out.
It would be funny if the futures markets had the unintended effect of lowering volatility in spite of massive gains. Honestly though that combination automatically increases volatility because it draws more investors in until you get another FOMO bubble.
Perhaps. The interesting thing about allowing more shorts to enter the market is yes that it usually helps balance things out, at least initially, it also creates the potential for moves up to be magnified when there is a large stuck short position that is forced to get out all at once...