March 28, 2024

BITCOIN Warning A duplicate pattern has been detected before the Bitcoin price moves. Someone is manipulating the market, this is proof!

Cryptocurrencies continue to fall in price, with Bitcoin closing down for the fourth trading session in a row. In ArcaneResearch is sure that someone is manipulating the market.

BITCOIN Warning A duplicate pattern has been detected before the Bitcoin price moves. Someone is manipulating the market, this is proof!

</strong>Company experts pay attention to the fact thatit's all about the expiration of bitcoin futures that are traded on the Chicago Mercantile Exchange (CME). According to their observations, for the period from January 2018 to August 2019, the price of bitcoin significantly decreased immediately before quarterly expiry. This happened in 75% of cases.

“Our numbers support the hypothesis thatBitcoin’s price is being manipulated on the eve of the expiration of CME futures, ”experts say. “However, the nature of this manipulation is difficult to establish. It can be as a result of collusion of large players, or simply the result of hedging their positions by investors. ”

In August, Arcane Research became famous fordiscovered another interesting fact. According to the company, the share of bitcoin in the total capitalization of the cryptocurrency market is not 70%, as is commonly believed, but more than 90%.

Arcane Research published its data inTuesday, and just a few hours later Bitcoin collapsed by 15%. Skew Markets explained this event by the fact that on Friday, i.e. today, almost 50% of Bitcoin options traded on the Deribit and LedgerX platforms expire.

This week futures trading launched andPlayground Bakkt. According to company representatives, their product helps to find a “fair” price for this cryptocurrency, and its collapse suggests that it is noticeably lower than $ 10,000.