The key to success is adaptation for Bitcoin and Litecoin
The CME BTC futures expire on Friday
The study showed that since January 2018 Bitcoin has tended to decline by an average of 2.27 percent with increasing monthly settlement. Adjusted for “large outliers”, the rate is 1.99 percent. It was not the case that there were more days with losses than profits in the period under review. In this period, the days on which Bitcoin rose or fell were the same.
Based on this, Arcane Research assumed a manipulation of the Bitcoin price, which is made possible by the fact that the CME Bitcoin futures are settled in US dollars and not in Bitcoin as with Bakkt. According to Bendikt Norheim Schei, analyst at Arcane Research, the relationship is no coincidence:Statistically, it is highly unlikely that the fall in prices before the CME settlement should be caused by chance.In addition, the Bitcoin price has moved sideways since the futures last expired on September 24th, when there was a massive crash. Normally, the prices rose after the futures expired.
Author : Jake Simmons