Offshore sales in the four-minute, nearly 400 bitcoin, record of Bakkt

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Just cryptobeurs Bitstamp have been there yesterday for 400 in bitcoin be sold in a four-minute period of time. That led to a big drop in the stock market. The price of a single bitcoin lost more than six percent in less than five minutes. In the meantime, move the race again, a little quieter, and it’s time to take stock.

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Hundreds of bitcoin being sold in a very short period of time

The chart below shows the bitcoin price in usd on Bitstamp. The red and the green bars represent the volume. In other words: there is a buy in green) or sell (in red)?

14:41 pm: There have been 124 of the bitcoin to be sold, then, for a total value of nearly a million dollars.
14:42 pm: A minute later, it seemed, the tide has to turn, but the sale of 124, the bitcoin but the price of bitcoin is still down.
14:43 pm: Well, at 14:43 to 14:44 and there were 75 in bitcoin be sold.

Every minute of every day, it decreased the price of bitcoin with one hundred dollars.
This pattern was, moreover, not only with Bitstamp, as well as on other international stock exchanges. Consider, for example, at Coinbase, Bittrex and Bitfinex. For all of these scholarships began in bitcoin, exactly at 14:41 hours to descend.

The whales of Wall Street, to do with this?

Now the question is, why do it in a very short period of time, as much as bitcoin will be sold. Have Wall Street here, maybe it’s something to do with it?
At the CME Group can you trade in bitcoin futures contracts. With the bitcoin futures contracts, it is possible to speculate on the price of bitcoin. If you go long, then it is a bet on a price increase. In short, you go out of that, the price will go down.
Every last Friday of the month, the bitcoin futures contracts. Because these contracts are settled in dollars, it is not possible to use CME Group’s impact on the stock price. The price of bitcoin by CME Group is not determined by supply and demand, but it is a average of the bitcoin price from Bitstamp, Coinbase, Kraken and itBit.
There were rumours that merchants in the bitcoin contracts will also have a huge role in the pap will have to cryptobeurzen, such as Bitstamp and Coinbase. These traders are short on bitcoin, so they can be on a formal exchange such as Bitstamp a lot of bitcoin to sell. Then, they earn a lot of money, because they can ahead of time to have placed a bet on a price decline.
Exactly one month ago, on the 24th of september, declined as bitcoin is suddenly very, very hard. The situation at the time seems to be an awful lot of right now:

Record the volume on the Bakkt

Where the losers are definitely the winners. Smart investors try to make money with is a decline in the price. And, you can also be found on the bitcoin futures platform with Bakkt. Those experienced yesterday, the best day of trading ever. Today there are 640 a bitcoin was traded at the Bakkt, up to the value of more than 4.8 million dollars.

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