"There exist no episodes where the bitcoin spot markets dominates the price discovery processes with regard to Bitcoin Futures. This points to a conclusion that the price formation originates solely in the Bitcoin Futures market. We can, therefore, conclude that the Bitcoin Futures markets dominate the dynamic price discovery process based upon time -varying information share measures."
...
"Therefore, it seems that the futures markets uncover new information that is embedded into prices and lead the way for adjustments to innovations in the fundamental values in the spot markets. Hence, the futures markets are capable of delivering a stabilizing effect on spot markets, which is one of the major purposes for launching futures contracts for bitcoin. Such a result is of considerable importance to regulators and monetary authorities who have shown misgivings about the growth of the cryptocurrency markets."
Y. Hu, et al. (2020) International Review of Financial Analysis 72 101569
........
Price action has been atrocious of late -and stinks of manipulation.
CME gap filled this morning, with a bonus extended move.
The Bitcoin CME Futures were created buy the overlords for one reason, and juan reason only - to "e& "TAME" bitcoin.
This price is clearly being suppressed as the 10yr Treasury Yields fall (slightly) and the DXY gains a little momentum -in a feeble attempt to delay the inevitable.
- I'm not sure what Uncle Jerome and the rest of the global financial Power Ranges are planning.. but none of this is going to end well.
Short -term plan, waiting for some definitive structure to develop before making any decisions -strongly considering removing 100% of my capital from all exchanges.
What are you all seeing? Anything good?
If you're interested in a free admissions into our TA Basic Training Course, please leave a comment below!
BitCapJNY
3CandleCollective
...
"Therefore, it seems that the futures markets uncover new information that is embedded into prices and lead the way for adjustments to innovations in the fundamental values in the spot markets. Hence, the futures markets are capable of delivering a stabilizing effect on spot markets, which is one of the major purposes for launching futures contracts for bitcoin. Such a result is of considerable importance to regulators and monetary authorities who have shown misgivings about the growth of the cryptocurrency markets."
Y. Hu, et al. (2020) International Review of Financial Analysis 72 101569
........
Price action has been atrocious of late -and stinks of manipulation.
CME gap filled this morning, with a bonus extended move.
The Bitcoin CME Futures were created buy the overlords for one reason, and juan reason only - to "e& "TAME" bitcoin.
This price is clearly being suppressed as the 10yr Treasury Yields fall (slightly) and the DXY gains a little momentum -in a feeble attempt to delay the inevitable.
- I'm not sure what Uncle Jerome and the rest of the global financial Power Ranges are planning.. but none of this is going to end well.
Short -term plan, waiting for some definitive structure to develop before making any decisions -strongly considering removing 100% of my capital from all exchanges.
What are you all seeing? Anything good?
If you're interested in a free admissions into our TA Basic Training Course, please leave a comment below!
BitCapJNY
3CandleCollective
