Bitcoin May Have a Small Ripple This Week

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Term Bitcoin contracts in the CME Group expire this week.

These contracts are thought to partially affect the spot price of Bitcoin. Because Bitcoin generally acts to close the price gaps in these contracts. The price gap for the May 2020 contracts, which will expire this week, indicates $ 9175.

The futures crypto market has been quite active in the past few weeks. Although the market’s trading volume did not grow very large, the number of open positions has increased considerably. Meanwhile, spot trading volume also decreased, albeit minor, in the past week. As such, it seems possible for futures traders to cause a fluctuation in Bitcoin price this week.

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