Bitcoin Intraday Crashing, CME Futures, No Correlation Right?

Title says it all and the chart I’m about to show you should make it pretty clear that the tenor of the market has changed with the advent of the CME Group opening up Bitcoin Futures contracts.

Honestly, I thought they wouldn’t have such outright contempt for us to stage their raids every day at roughly the same time, but when you have power you don’t have to be clever.

bitcoin 1

Did you really think this was going to be good for the price of Bitcoin?

Don’t say you weren’t warned.

2 thoughts on “Bitcoin Intraday Crashing, CME Futures, No Correlation Right?

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