CRYPTOCURRENCY REVOLUTION

Source:google
Cryptocurrency market,bitcoin generally has been fluctuating early this year 2018 after many digital assets reached all-time price highs this past December. Many has been following the interdependence between the newly added bitcoin-based derivatives markets offered by Cboe and CME, alongside bitcoin spot prices over the past one month. Over the last few weeks, most of the bitcoin futures contracts has been fluctuating as traders forecasting the recent decline in value ‘shorted’ the market. However, according to recent data, bitcoin-futures bets are showing that a great majority of the contracts are betting ‘long’ on bitcoin’s price
Prediction of the recent futures markets stemming from Cboe and CME had brought a lot of promotions and overheated trading to cryptocurrency markets. Following the launches bitcoin’s market value spear to $19K per Bitcoin but since the new year, the currency has seen a 40 percent loss in value. Since the bitcoin derivatives products began, the Commodity Futures Trading Commission (CFTC) has published reports on Cboe’s market performance. Since December the CFTC’s reports show that futures traders were betting against the price of BTC, indicating fluctuation sentiment and spot prices followed the contract prices.
Last friday CFTC data tells a different story as the contracts are extremely a crap which implies that Cboe traders expect the price to rise.

BITCOIN DIVERSIFICATION

This week’s CFTC report states that leveraged positions show 1,142 contracts are ‘long’ (betting the price will rise) while only 518 contracts are ‘short’ (betting the price will drop). The data is in harsh contradictions to the weeks prior when Cboe contradictions bet were more ‘short’ as contract counts indicated shorts overwhelmed longs 4 to 1. Even news.Bitcoin.com’s weekly trading analyst, Eric Wall, has the same inclination as he writes in his most recent reports.

‘ DAMPENERS GET READY TO BE
DEFEATED
The columnist Miko Matsumura from the Evercoin blog recently wrote how he believes individuals who short bitcoin markets should be prudent — especially those who don’t have ‘skin in the game.’ For instance, Matsumura says that most futures traders especially the ones trading Cboe and CME products are all just “speculators” who just see the price action. Most don’t understand that the limited downside to shorting is there’s a lot of believers and individuals who see a buying opportunity during price dips, Matsumura adds.

“Where those who dampen bitcoin are weak because they don’t actually believe in the value of Bitcoin — This means that many of them think the value can “go to zero” Things they are yet to observe are the mass of people who can’t wait to get into bitcoin at massively discounted prices,” explains Matsumura.

Bitcoin investors, you’re on the right track. Speculators whether me-too newbies or futures trading people dampening bitcoin, prepare to be defeated

I can imagine those who try to dampen bitcoin gnashing their teeths on the ground if not having a better predictions.
Matsumura’s example can be confirmed by recent investors getting burned trying to short GBTC’s stock and the millions of dollars liquidated from Bitmex, Bitfinex, and Okcoin traders trying to bet against bitcoin’s value every day. At the moment most leverage traders are betting long across traditional crypto-exchanges. Bitfinex leverage positions today show 26,982 long contracts and only 18,226 short consignments (59%L – 40%S). The recent CFTC reports documenting bitcoin futures contracts held on Cboe indicate traders are also not willing to continuously bet against bitcoin — And this week mainstream bitcoin derivatives traders stemming from Cboe are forecasting a bitcoin price inversion is momentary.