Expiring Futures Tomorrow… NOT SO FAST! (reddit.com)

The CME futures expire tomorrow, and everyone is panicking that Wall Street will manipulate the price downward to gain the most profit… But it’s not that simple; CME has limits on what any given entity can hold, that make it almost unprofitable given the cost of manipulation. Any entity is limited to owning 1k contracts containing 5btc each. Every $ 5 move in bitcoin is a $ 25 profit/loss on a contract. In the recent month, we saw the price move from $ 19k to $ 10k potentially tomorrow at…

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