It's very clear that the cryptocurrency market has to deal with a lot of market manipulation. Its not just from traders but also government entities and now deep pocketed investors from the wall street world. With the Bitcoin futures contracts opening in December 2017 the entire market behavior has changed dramatically. The CME contract ended on January 17th and it closed with a BTC price of $10,900. To me its very clear the whales bet short.
The CBOE market will close on January 26th and with the way the market is behaving my guess is they also bet short. I fully anticipate to see the market continue to fall until the contract ends on January 26th.
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