The dip is surely due to the futures expiration on the 27th. CME are reporting massive volumes of contracts. Large amounts of BTC have also been bought OTC and these will be dumped onto the exchanges, so that the spot price will be manipulated to match the price of the contracts.
So, so true! Ugh! Why can’t we just jump to 2023 to tell them so?!
The dip is surely due to the futures expiration on the 27th. CME are reporting massive volumes of contracts. Large amounts of BTC have also been bought OTC and these will be dumped onto the exchanges, so that the spot price will be manipulated to match the price of the contracts.