In the days following Dec 11 Bitcoin recorded an all-time high before beginning said fall. Also, note prior to Dec 11 showing a 4-week rally which saw Bitcoin rise from around $5600.
Is it possible that institutional investors pumped Bitcoin the month prior to listing the first contract, and for the few days immediately after which saw Bitcoin hit an all time high? Such a sustained rally with such amazing gains for all entices lots and lots of new investors and it is my estimation that more went long than short on those contracts.
Is it a possible that following this many tactical sell-offs/dumps from said institutional investors resulted in the 36% fall and subsequently a WIN FOR CBOE? In my opinion, YES YES YES! Institutional money and power is endless!
The wall I have arrived at, however, is what comes next. Is the price the lowest they can drive it? And so, will the expiry of the XBT/G8 contract on Feb 14 see those who go long winners? Or in terms outside of the contract, those who buy actual Bitcoin now and hold until contract expiry?
…Or is it nothing to do with the contracts at all?