We don't know how effective the futures are on this market. After the peak in 2013 there was a perfectly similar correction dragging the market down for quite a long period of time, especially for crypto standards, and that without futures. We need at least a year or two to see the real effect of these futures markets, and eventually I do believe that they will heavily weigh on Bitcoin's market with how institutions will gain an upper hand.

I think right now it's safe to say that those dealing with futures are just as afraid as most people here are. In other words, futures traders are afraid of Bitcoin manipulation, and Bitcoiners are afraid of futures traders manipulation.