My guess as an ex commodities trader is this will have big implications for BTC, maybe not straight away but over time as volumes build up and number of players increases and the main reason is leverage.
1. Volatility massively reduced. Leverage means swings can be capped both ways. Long term trends will hold but all the daily crazy stuff will get ironed out.
2. pump n dump crowd will be restricted to alts only. No BTC whale's book can go up against a leveraged CME market and win regularly.
3. obviously the market will balance but i see more aggressive orders on sell side in futures as hedge against underlying positions in coins.
3. spread trading will become more run of the mill - think BCH / BTC etc
All in all its bad news for outright bulls and daytraders but it maybe gives BTC a chance to come back as a currency again, tech issues aside (which it cant right now due to all the volatility- a currency needs price stability to be effective)
So good for DCCs business model but bad for its positions. If theres a ST rally while positions are built i hope they use it to liquidate.
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $59.75M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.7¢ | $104.1K | 1.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66999 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 226744 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66999 | 0.068 |
3 | 1125000 | 0.067 |
1 | 1000000 | 0.066 |
7 | 643145 | 0.065 |
7 | 3348384 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 226744 | 2 |
0.070 | 261329 | 3 |
0.071 | 137253 | 2 |
0.072 | 102000 | 2 |
0.073 | 230642 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
6.8¢ |
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Change
-0.001 ( 2.58 %) |
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Open | High | Low | Volume | ||
6.9¢ | 6.9¢ | 6.7¢ | 988751 | ||
Last updated 15.45pm 29/03/2024 ? |
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DCC (ASX) Chart |