‘Gut-Wrenching’ Bitcoin Price Decline Driven by Futures Traders: Fundstrat

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The bitcoin price has experienced a “gut-wrenching” decline in 2018, and Wall Street strategy firm Fundstrat believes it has finally identified the reason why. Writing in a recent note to clients, Fundstrat founder Tom Lee stated that the bitcoin price tends to decline leading into futures expiration dates, suggesting that these products are a major

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Posted by Josiah Wilmoth on June 15, 2018 @ https://www.ccn.com/gut-wrenching-bitcoin-price-decline-driven-by-futures-traders-fundstrat/

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