Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think
it's going to appreciate in the future or they're and they're not transacting with it in their daily lives they're holding it for the long term and because of that type of price speculation, there's a lot of people, especially day traders who use tools or use what's happening on futures markets to determine the sentiment of where the price is going to go everyone wants to have a crystal ball of what the future price of anything is going to be and futures prices you know the last Friday of every month is always volatile because that's when the futures expire and people are basing what's going to happen in the next month on
that particular day so on the short term.
it can affect the price of bitcoin?
As long as people will trust Bitcoin in the future, the price of Bitcoin will still grow. People are still thinking positively despite the volatility, of course, this will affect the market but there is one thing I was sure of - people will remain hopeful because they believe that this will help to improve their living and financials.
I'm not sure about every Friday of the month, the price of Bitcoin will move in unpredictable directions as always. It was hard to prove that every Friday this will be the direction of the market because if that is so, then we have thought this has been controlled by someone like a whale.