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RE: ✴️ IS THE CRYPTOCURRENCY CORRECTION OVER? OR ARE WE IN FOR A "MAJOR" PULLBACK?
don't say too much before 26th Jan, then cme futures will opens, and then maybe we will see a nice spike up!
don't say too much before 26th Jan, then cme futures will opens, and then maybe we will see a nice spike up!
You are right, I have that date written down lol
Can someone explain how futures work? Why do futures spike up the price?
let's suppose i'm a whale, with so much money..
tomorrow open the future, for example, so now i'm buying a lot of btc in the market, pushing up the price.. and tomorrow i will open a short position while selling my btc and pushing down the price. double profit.
obviously also vice versa, that is what could happen at the moment..
Great question, I’ll venture guess that if you’re not shorting and you whale, well enough Whales they’ll find a way to increase price, just a guess
Something to pay attention to for sure