While 2020 seems to have rejected the potential negative impact of CME expiries, so far, the current year appears to validate the theory.
The past 13 months have been nothing short of spectacular for Bitcoin, as the cryptocurrency posted 788% gains.
As depicted above, indeed, Bitcoin rallied after five out of the last six instances.
Both October and December 2020 expiries failed to present any negative pressure ahead of such dates.
As shown above, Bitcoin’s price failed to underperform in three out of the last seven expiries.