According to a recent study conducted by research company Arcane Research and published by Norwegian news source Kryptografen last Tuesday, the expiration date of bitcoin future has a negative effect on BTC price.
According to the study, the expiration dates of CME Group's futures seem to have a particularly negative effect on the crypto.
After analyzing bitcoin price between January 2018 and August 2019, the firm has found out that BTC price has fallen 75% of the times before CME issues payouts.
It must be noted that the research firm published the results of the study just some hours before bitcoin fell 15%, coinciding with a large number of BTC options set to expire.
CME Group was one of the first operators to launch bitcoin futures back in December 2017, right when the largest cryptocurrency by market cap reached $20,000.
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