DERIVATIVES Affecting Crypto Prices During ECONOMIC TURMOIL!!

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What I find absolutely crazy is that even though most of traders (up to 96%) will lose money, they still are pumping billions of dollars and some are getting liquidated during the most volatile economic times in recent history. Everything from crypto to stocks to commodities are being affected by absolute chaos from the virus. Governments, global companies and traders don’t know what is going on, how the future will look like.. but the 24h volume on the major exchanges is pointing towards 16-17 bn out of 113.4 bn being derivatives. That’s big money. 7-8%

#cryptoderivatives #cryptocurrencyderivatives #cryptofutures

Links:
https://www.worldometers.info/coronavirus/#countries
https://www.bloomberg.com/opinion/articles/2019-10-31/bitcoin-cryptocurrencies-benefit-from-futures-markets?utm_campaign=socialflow-organic&utm_medium=social&utm_content=view#footnote-1
https://www.coindesk.com/heres-another-surprising-reason-why-crypto-prices-fell-derivatives

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(Outro – Chris Zabriskie)

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