BTC futures start and end dates: Manipulation?
I have set the length of each rectangle to coincide with the length of each CME Bitcoin futures date. The height of the other rectangles is irrelevant as we don't have end date prices for those futures contracts.
The blue rectangle is the only one where we have both open and close information. It seems to me that manipulation is obvious but I can't say that for sure. The open date for the first contract (starts December '17 ends June '18) opens one day before the all time high. The close date for the contract is one day after the local low, the lowest low Bitcoin has seen since 20K. Was this timed perfectly? Looks like it to me.
Assuming this is right and the market is being manipulated, we could be seeing a real uptrend in the coming months that would match the start dates for the other future contracts. I wouldn't trade on this information, I'm still holding my coins as I'm holding medium-long term bullish.
Open interest in CME futures is rising and price is rising which suggests a bullish move. Needs more volume to confirm the bullish sentiment though.
Source: cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html
The blue rectangle is the only one where we have both open and close information. It seems to me that manipulation is obvious but I can't say that for sure. The open date for the first contract (starts December '17 ends June '18) opens one day before the all time high. The close date for the contract is one day after the local low, the lowest low Bitcoin has seen since 20K. Was this timed perfectly? Looks like it to me.
Assuming this is right and the market is being manipulated, we could be seeing a real uptrend in the coming months that would match the start dates for the other future contracts. I wouldn't trade on this information, I'm still holding my coins as I'm holding medium-long term bullish.
Open interest in CME futures is rising and price is rising which suggests a bullish move. Needs more volume to confirm the bullish sentiment though.
Source: cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html
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