Hard Fall in Bitcoin Prices is Due to Futures Market: Fundstrat

The performance of the Bitcoin market has surprised a lot of investors and traders this year after its wild run in 2017. Overall this year has been very negative with no positive returns YTD and failing at every major support levels. There have been various research reports on why Bitcoin is falling so hard and quickly and most of the reports have attributed the cause to liquidation by Bitcoin Whales.

The latest report published by Fundstrat has found a new reason for weakness in Bitcoin which has seen over 50 per cent decline since the start of this year and over 30 per cent in last month. Writing in a recent note to clients, Tom Lee ( former MD at JPMorgan) of Fundstrat has stated that since the launch of Bitcoin futures in Cboe in December, prices have plunged leading up to expiration.

Bitcoin may recover in october. or last month in year.