RE: Almost everything I hear about Bitcoin on mainstream news is nonsense, but this guy takes it to another level.
Curious thought (and a repost of mine) - Is BTC price impacted by CBOE and CME Futures expiry dates? Keep an eye on Jan 26th!
Interesting theory here a friend shared with me around the recent dip in BTC which coincided with CBOE futures expiry dates and possible coordinated sell-off by whales to bring BTC's price down to required levels for profits.
-Huge sell-off lowered BTC's price to profit 'short' futures positions
-Lowered price allowed for additional institutional/whale buy-in post the expiry dates for quick gains short-term
-With Jan 26th CME futures expiring on Jan 26th, do we think the same thing could happen (contracts are 5x bigger!!!)?
I see couple options (not financial advice):
-HODL! -> Play it safe
-Sell profits and if sell-off happens, buy back in at lower support levels (~8k) -> Roll the dice on your gains
-Sell profits and some original investments, buy back in at lower support levels (~8k) -> Feeling a bit riskier, but higher risk = higher reward
Welcome thoughts/opinions?
Here's the analysis shared:
https://www.tradingview.com/chart/BTCUSD/E25dvVua-BTCUSD-Potential-new-low-on-26th-of-January/
Credit - Nico.Musselle on TradingView and my friend Jess G for sharing