So imagine the market was trying to correct right now. However, wall street is holding the price here, people "selling the top" are unloading coins into wall street hands.
All the while they are scooping up futures contracts cheap for the 18-20k range.
As the futures come due, wall street intensifies buying, all the sellers FOMO back in, price is pushed way up over the futures contract prices.
Wall street ends up with stacks of coins they got for cheap, and stacks of dollars from futures profits!
(Cool story bro')
All the while they are scooping up futures contracts cheap for the 18-20k range.
As the futures come due, wall street intensifies buying, all the sellers FOMO back in, price is pushed way up over the futures contract prices.
Wall street ends up with stacks of coins they got for cheap, and stacks of dollars from futures profits!
(Cool story bro')
Yes, I could see this. A run up to $20k+, load up on short contracts, then smash the price to something like $12k in 2 - 3 days...cover shorts, go long for rally. Rinse, wash, repeat.
However, there is one slight issue here. People have been calling a top since $201 (after it left $200), and here we are at $16500. LOL