Bitcoin : Futures - are they affecting the spot market?

Hi,

I am not normally into conspiracy theories, but I am interested in any impact (if any) on the spot market from the CBOE and CME futures markets.

I have marked the start and end of the 2 futures markets. There was a clear downtrend for the first CBOE duration and a clear up tick after if ended. Let's see what happens when the CME futures expire.

Perhaps the futures market (being currently so small) doesn't have a direct effect but the impact may be set more in the minds and expectations of the market as a whole. Either way, the effect may be the same.

Let's see.

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