EOS projected price - Futures contracts derivatives perspective

Despite the recent big drop in cryptocurrencies market, the price of EOS Futures Contracts traded at BitMEX have stabilized at around 100,000 satoshis level.
EOSN17 will be settled on July 28th, 2017. At this price, the implicit valuation of EOS will be 1 million BTC (more than $2 billion) considering all the 1 billion tokens to be issued. Below you can see the chart of the last 4 days, which show a sharp gain right after the start of the trading and a correction right after. When the big drop started in cryptocurrencies, EOS price was already stable at the 100k satoshis level.

The ICO started on June 26th and will last for 360 days.

It is still too early to know whether this price will hold or not. On Friday, we will probably have a better idea.