ammunition early to cause a major crash, which is perhaps more profitable for them than the small movements they can cause when banging the close. It seems possible that this 1,000 price crash was short sellers banging the close to cut losses and perhaps was mitigated by people in long positions banging the close in the other direction. A full list of CME Bitcoin futures contract expiration dates can be found at this link. There ecb fx rates 31 december 2019 appears to have been some obvious banging the close activity 3-5 days before the May contracts expired, with high volumes and a 1,000 price crash. Between the April 27 and May 25 CME Bitcoin futures expiration dates, the bounce-back rally was entirely liquidated as short sellers took back the helm. For example, when short selling, a common practice is banging the close, in which traders manipulate the underlying assets spot price to drop lower to increase profits from short selling. The question is, how high would Bitcoin have rallied if there were not people manipulating the spot market to better their short positions on the futures markets? In this case, banging the close seems pretty obvious. This would suggest there is plenty of banging the close occurring.
Bitcoin futures expiration date june