min to read

2019-09-26 17:04:08




News

Research: Bitcoin price falls ahead of futures expiration

BTC v FUTURES

min to read

2019-09-26 17:04:08

Researchers of the analytical company Arcane Research found that on the eve of the expiration of futures contracts on CME, the price of bitcoin fell by an average of 2.27%.

Researchers of the analytical company Arcane Research found that on the eve of the expiration of futures contracts on CME, the price of bitcoin fell by an average of 2.27%.

 

The company analyzed data from January 2018 to August 2019 and found it happened in 15 out of 20 cases.

 


 

For the analyzed period, bitcoin was in the green zone for 306 days out of 608 (50.3%). With almost the same number of “green” and “red” days for the price of bitcoin, the probability that it will fall in 15 out of 20 cases is equal to 2%, Arcane emphasized.

 

The company believes that the abnormal behavior of bitcoin before the expiration of futures indicates price manipulation. Whether it is intentional is still unknown.

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