CME Futures + Whales + FUD = "Potential" Market Manipulation
Idea based solely what I call market player analysis.
lets agree the Crypto space is played by 2 types of players small time retail traders and whales (See b i t c o i n distribution below -source: Bitinfocharts). Cme futures opened 17 Dec 2017 coincidentally it was the top of the bull run. Its not to wild to assume many shorts were purchased by wall street, best case scenario for the CME shorters is the next major support at +-$8300 when the first round of futures close 26 January 2018. From b i t c o i n distribution table 1500 addresses own 40% of the market that is more than enough to move the market followed by weak hands and FUD just fuel a bearish trend. Throw in the perfect timing of the Korean news alot of people are making big money.
Based on best case scenario for the whale & wall street clan is to go to $8300 then subsequently rebound to previous highs as many hands are waiting the "Signal" of the bull market to return.
Just a wild option and hope to get some feedback and opinions.
Balance Addresses % Addresses (Total) Coins $USD % Coins (Total)
10 - 100 131730 0.47% (0.54%) 4,364,593 B T C 45,721,044,694 USD 25.98% (87.14%)
100 - 1,000 15672 0.06% (0.06%) 3,684,006 B T C 38,591,599,252 USD 21.93% (61.15%)
1,000 - 10,000 1502 0.01% (0.01%) 3,337,018 B T C 34,956,741,178 USD 19.87% (39.22%)
10,000 - 100,000 108 0% (0%) 2,803,279 B T C 29,365,586,050 USD 16.69% (19.35%)
100,000 - 1,000,000 3 0% (0%) 447,502 B T C 4,687,786,682 USD 2.66% (2.66%)
lets agree the Crypto space is played by 2 types of players small time retail traders and whales (See b i t c o i n distribution below -source: Bitinfocharts). Cme futures opened 17 Dec 2017 coincidentally it was the top of the bull run. Its not to wild to assume many shorts were purchased by wall street, best case scenario for the CME shorters is the next major support at +-$8300 when the first round of futures close 26 January 2018. From b i t c o i n distribution table 1500 addresses own 40% of the market that is more than enough to move the market followed by weak hands and FUD just fuel a bearish trend. Throw in the perfect timing of the Korean news alot of people are making big money.
Based on best case scenario for the whale & wall street clan is to go to $8300 then subsequently rebound to previous highs as many hands are waiting the "Signal" of the bull market to return.
Just a wild option and hope to get some feedback and opinions.
Balance Addresses % Addresses (Total) Coins $USD % Coins (Total)
10 - 100 131730 0.47% (0.54%) 4,364,593 B T C 45,721,044,694 USD 25.98% (87.14%)
100 - 1,000 15672 0.06% (0.06%) 3,684,006 B T C 38,591,599,252 USD 21.93% (61.15%)
1,000 - 10,000 1502 0.01% (0.01%) 3,337,018 B T C 34,956,741,178 USD 19.87% (39.22%)
10,000 - 100,000 108 0% (0%) 2,803,279 B T C 29,365,586,050 USD 16.69% (19.35%)
100,000 - 1,000,000 3 0% (0%) 447,502 B T C 4,687,786,682 USD 2.66% (2.66%)
Comment:
Correction CME futures close first contracts 26 January 2018