I don’t normally make a post that simply references someone else’s writing, but I am going to do so in this case. I stumbled across this article, which addresses something I’ve always found really curious – – that is, why cryptocurrencies peaked PRECISELY when futures on them started trading.
The article goes on at great length about how this phenomenon has been witnessed in many other markets. He offers as one example uranium, which had exploded in price………that is, until the millisecond that futures started trading.
For those of you interested in crypto (or conspiracy theories, for that matter), check it out.