I agree with you that there are a lot of things creating selling pressure on Bitcoin right now. These futures contracts and other leveraged investments are worse then the MakerDao and Ethereum and will continue to be sources of volatility and selling pressure for sometime. Many, People are gamblers and now these vehicles allow them to gamble on Bitcoin, much to the detriment of price stability.

There is an article in Forbes magazine which suggests that there are a lot of new traders in Bitcoin this year, who invested through traditional channels and that the majority of Bitcoin sold was from new owners ; defined as one month to one year, with a large number of coins held for 30 days or less who sold at the first drop. Bitcoins volatility is new to many institutional and traditional traders, so we can expect this type of selling pressure to wax and wane. I see it as a buying opportunity for a percentage of my disposable income.

Thanks for the information, good info is like gold.

✍️ Shortsegments

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