Ever since the CME opened, we have seen negative days -- every day -- except a day on which the CME was not open (Saturday the 23rd).
The CME resumes trading in 30 minutes. I suspect we will see another negative day.
Correlation is not causation.
Then what are you doing on the Speculation forum?
There is the idea that futures might reduce demand. The price action is consistent with that. Let's wait and see.
If they actually want BTC prices to go down, along with the direction of their bet, they have to buy BTC in order to be able to sell it, no?