Bitcoin Rallying Above $4,000 Could be Due to Bitmex Futures: Analyst5.4

There is a noticeable correlation between Bitcoin’s latest jump and Bitmex Futures, believes Luke Martin.

The renowned cryptocurrency analyst said Thursday that Bitcoin price moved north right after Bitmex launched its September futures, XBTU19. Martin noted that the bitcoin market underwent a jump in volume and volatility after the XBTU19 went live. He also identified two similar events in the past in which the beginning of new futures contracts coincided with increased volatility and volume in the Bitcoin market.

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