please god no
Discussion
The futures fund release lowered spot demand because the degen traders could play there and never buy spot to cover win or lose.
11 new companies are selling real bitcoin starting tomorrow. That is available to a market that excluded themselves before because of custody issues. It is being sold on the exchanges that handle most of the worlds trading volume for the first time.
As I understood, Future Bitcoin was an instrument used mostly to short Bitcoin, thus the down pressure. But we will see, I would always be amaze by how traditional finance institutions get new innovative stupid ways to fuck everyone for their own profit.
We will see what happens in the following weeks.
