Great video and insight! Good bounce could be possible if futures holders decide to buy back before expiration which could lead to a short squeeze. However, as these contract are normally settled in USD (not the actual asset) it may not have a dramatic changes in the BTC market. These contracts from the CME are also larger as each one represents 5 BTC instead of 1 from CBOE; so we can expect the movement to be more dramatic than last week's expiration.
nice video. Crypto 99 does a great job.
Great video and insight! Good bounce could be possible if futures holders decide to buy back before expiration which could lead to a short squeeze. However, as these contract are normally settled in USD (not the actual asset) it may not have a dramatic changes in the BTC market. These contracts from the CME are also larger as each one represents 5 BTC instead of 1 from CBOE; so we can expect the movement to be more dramatic than last week's expiration.