Non event? Why Friday’s $272M CME Bitcoin futures expiry is irrelevant
Chicago Mercantile Exchange (CME) futures and options markets are set to mature this Friday, leading some traders to fear that the most recent BTC dump is a presage of weakening markets.
According to a September 2019 Cointelegraph and Arcane Research report, there is typically a 2.3% drop ahead of each monthly CME expiry. Given the size of the upcoming expiry, it’s worth taking a moment to evaluate new data to evaluate if these ‘CME drop’ ghosts continue to spook the markets.
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