Sort:  

Like opening up the fire hydrant.

It seems the CBOE wasnt quite prepared.

Yeah, I expected a lot of shorts but before it crashed all I saw was a lot of positive growth, which I take to mean a lot of people wanted to go long.

A few hours in and it seems that BTC is holding up...it actually is up from the open of the futures markets.

That is not surprising since the CBOE market isnt Wall Street, hence it needs a long position for every short position. It is zero sum in that regard. Plus they do have to have the item to back it up at all....totally a paper transaction.

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.039
BTC 70181.59
ETH 3549.53
USDT 1.00
SBD 4.74