I have nothing against bitcoin futures short plays,but the 100x leverage is insane.They should remove that leverage.I think that bitcoin futures trading had a short term positive impact over the btc price,but they will have long term negative impact.Lots of big investors are trading futures,instead of buying and HODLing btc.
Without the futures martket,the current btc price might be more than 30K USD.
We have the same mind on this. It has a positive impact on Bitcoin's price but as we all know, They are not Trading "Bitcoin" as is, They are trading Bitcoin Futures which is really , in my opinion, not relevant and connected directly to bitcoin, please do correct me if im wrong. One of this days, one of the big investors on Bitcoin futures will cash out and everyone will get affected by it , Specially the small investors.