How BTC Futures CME Manipulate the price of Bitcoin

How BTC Futures CME Manipulate the price of Bitcoin

On December 15, two years ago, the largest American company CME Group launched Bitcoin futures .
CME is the only one who provides the opportunity to trade bitcoin futures in the United States and they are the first to enter the territory of derivatives instrument for the cryptocurrency market and now they have no competitors.

CME futures are one of the most manipulative instruments on the cryptocurrency market. And the opening and closing of their futures suggests when the bottom will be.

On December 15, 2017 two contracts were opened:

  • 3 months until March 29: opening price $20,631 - closing price $7,070;
  • 6 months until June 29: opening price $20,631 - closing price $5,800.