Last week, we saw the price of Bitcoin plummet as we headed toward the end of the month. March 26th saw the close of a gigantic amount of Bitcoin futures and there is little doubt that this is what pressed the price of Bitcoin down into the abyss. Now that BTC futures have expired, a dark cloud has been lifted from above Bitcoin and the heavens have opened up. But here is the thing: this won’t be the last close of futures contracts that push the price of Bitcoin down.
Today, we are going to be looking at the next dates you need to be paying attention to in regards to Bitcoin. We will explain these futures contracts to you and tell you EXACTLY how and why they push the price of Bitcoin down.
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01:39 What is a Futures contract?
02:54 BTC Futures contracts
04:30 Why price drops?
07:49 Contracts expiration
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