what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?
It could do either but the pundits are saying higher then it will massive crash. As usual who knows, we all know crypto is lighning markets verses stock and securities so bear that in mind.
Trading derivatives logically does not and can not have any direct influence on the price of the underlying asset the derivative is derived from. The asset price makes all the difference on the derivative trading but not the other way around, the asset's price discovery mechanism doesn't know anything about some derivatives.
What can and does happen, though, is someone trading the derivatives and (if big enough) simultaneously the spot in an effort to push the price in their (derivatives trading) favor. But the big money could have been trading on the spot already for years, there is no change going to happen in that aspect tomorrow. They will just have a new possibility to trade futures and thus potentially make money twice, which in effect may lead to a more intensive spot trading and thus affecting the asset price.