openPR Logo
Press release

$2.4Bn Bitcoin Futures Just Expired - Crash in BTC Value Imminent?

12-28-2020 10:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Crypto News

After hitting an all-time high, bitcoin is still hovering at or just above $23,000. But as $2.5billion BTC futures expired on Dec 25th, read why some report that the value of BTC ‘might’ be about to take a nosedive. Does this mean a sell-off is imminent?

Like the price hike of 2017, this year again, bitcoin brought massive returns for the investors. At the start of the year, the price was around $5000, and now it has hit an all-time high of $24000, profiting investors with almost 400% gains.

Some say that it will hit $50,000 in the coming few months because of the market trends and bitcoin halving. Traders were making similar claims after the ATH of 2017, but things went opposite, and it dropped to just $3000 per coin. The same could happen this time again.

Looking at the volatility of cryptos and past activity, no one can say with surety that at what price it will be sitting on in one- or two weeks.

Three key factors could cause the volatility of Bitcoin to spike upon the close of the candle on a weekly and monthly basis. The elements are general uncertainty on Bitcoin price, record-high futures trading and high open interest, and the overextended weekly and monthly chart.

BTC Futures EXPIRED on Dec 25th 2020 - Will it Cause A Crash?

Buying or selling any commodity on a predetermined future date but based on a price agreed ‘now’ is called futures trading agreement. Like traditional investment commodities, bitcoin futures allow you to speculate about bitcoin's price in the future even though you do not own bitcoins.

CME allows you to trade bitcoin futures with a contract unit of 5 bitcoin, and it has shown a massive increase in recent trading activity. Arcane’s report showed that 25BTC position holders saw a doubling in 2020 on CME, a big win.

The recent rally of bitcoin resulted in the increased trading activity on futures exchanges. The open interest remains above $1B on top futures trading exchanges, and high open interests can cause large spikes in volatility.

In addition, there are currently 100’000 Bitcoins expired on 25th December, 2020. Will those that just became owners of the BTC at previous (much lower) prices decide to SELL to make a quick buck, or HOLD? Or, perhaps, a bit of BOTH?

If they sell, they are set for an insane profit… making it a tempting manoeuvre. If this happens, the value of BTC may plummet.

Conversely, they may choose to HOLD their coins, bolstering faith in the future of BTC.

Or, perhaps more likely, many may take a middle-ground, opting to HOLD some and SELL a chunk for a fast, likely huge, profit.

How much of the (estimated) nearly $2.4 BILLION will be sold for a fast buck? And how will this affect BTC value? Who knows.

Maybe Wise to Sell a Percentage of You BTC?

With the above in mind, if you’re nervous and want to take a quick profit (or avoid a loss), it may be a safe move to sell a chunk of your Bitcoins NOW (between 25th December 2020 and 31th December 2020), to ‘hedge your bets’..

Why Sell During The Bull?

Selling during a bull market (which we are currently seeing, but it’s unsure how long it will last) can provide an extension because traders look for a solid reason to sell. This high-level of uncertainty can cause massive volatility as the new weekly candles open.
Looking at the volatility and previous experience, it would be rational to sell when the price is relatively high. It would not be wise to keep holding all your bitcoins.

9845 10th Lane
Milton,
MA
02186

Crypto News is a new (start-up) US-based cryptocurrency news site, dedicated to bringing you the latest in crypto news.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release $2.4Bn Bitcoin Futures Just Expired - Crash in BTC Value Imminent? here

News-ID: 2217104 • Views: 533

More Releases for BTC

BTC Capital Group Review (btccapitalgroup.com) - Bitcoin Trading Performances
BTC Capital Group is a Forex Broker specialized in Crypto Investments. Official Website: https://www.btccapitalgroup.com/ Bitcoin news: Bitcoin surpasses $50,000 for first time ever as major companies jump into crypto. Tesla’s recent $1.5 billion purchase of bitcoin sparked speculation over whether other major companies would follow suit. Bitcoin hit a record high of more than $50,000 on Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies. Individual Traders can take advantage
BTC Capital Group - Build your Capital with Cryptocurrencies
BTC Capital Group is a international platform specialized in Crypto Currencies and Live Investing. Crypto Investments specialized website: https://www.btccapitalgroup.com/ BTC Capital Group provide investors with exchange and trading software solutions to operate professionally on the real-time markets: The Fox Trading platform multi-devices Access and the new Fox WebTrader to invest in Crypto instantly from any internet browser or device. Dedicated market Analysts support, daily technical analysis and forecasts for Cryptocurrencies. BTC Capital Group is
Podoscope Market Analysis and Forecast 2018-2026 | Namrol, Orla, Health Technolo …
"The Latest Research Report Podoscope Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The increasing awareness among athletes to prevent feet loading during physical activities, need of early diagnosis in children for any foot deformity, and awareness regarding children foot development, specifically flat foot problems and joint diseases
Cryptocurrency Mining Market Cost Profit Analysis of AntPool, BTC.com, ViaBTC, B …
The cryptocurrency mining market was valued at US$ 610.91 million in 2016 and is projected to reach US$ 38.38 billion by 2025, exhibiting a CAGR of 29.7% by 2025. Emergence of digital currencies such as Bitcoin, Ethereum, and Bitcoin Cash has led to huge investments by companies and this is expected to aid in substantial growth of the market in the near future. Download PDF Copy for Sample Purpose @ https://www.coherentmarketinsights.com/insight/request-pdf/1099 Key
BTC Global Trading & Finance Group Denies Any Connection to BTC Global Trade Ltd
BTC Global Trading & Finance Group CEO Simon Grant issued a statement on September 25 that his company had no connection with BTC Global Trade Ltd. “We are aware of a British-registered company called BTC Global Trade Ltd, but we have no connection either to the company or anyone connected to it in any way,” he declared. “we are also aware this company appears to have caused thousands of their
BTC Global Announces Bitcoin Savings Deposit Scheme for Investors
BTC Global Trading & Finance Group unveiled a new savings deposit scheme for investors at a media presentation on . The company is offering fixed term, one-year bitcoin deposits that provide interest of 18%. The offer is intended to help finance the company’s aggressive expansion in bitcoin lending and trading. Investors must deposit at least 0.5 bitcoins, and will receive their deposit, plus 18% interest, one year later. “Some people have questioned