BCH jumped 28% on a CME announcement. $UNI got the same announcement and is -11.7% on the day
same news for both: CME will list Bitcoin Cash and Uniswap futures from October 19, still pending regulatory review
one went up, the other got sold. tells you who was positioned where
the part people forget about regulated futures:
- a fund that can't hold $BCH can now short it
- a market maker can hedge against it
- 250 BCH per standard contract, 25 for micro. desk size, not ours
buying the headline was the easy trade. October 19 is when the first real shorts can open without touching a single coin
$BCH is +0.4% on the day now, +54.1% on the week
hold neither, just watching
if it holds after the listing - respect
if it bleeds into it - saw that coming)
#BCHJumps28%OnCMEFuturesListing
same news for both: CME will list Bitcoin Cash and Uniswap futures from October 19, still pending regulatory review
one went up, the other got sold. tells you who was positioned where
the part people forget about regulated futures:
- a fund that can't hold $BCH can now short it
- a market maker can hedge against it
- 250 BCH per standard contract, 25 for micro. desk size, not ours
buying the headline was the easy trade. October 19 is when the first real shorts can open without touching a single coin
$BCH is +0.4% on the day now, +54.1% on the week
hold neither, just watching
if it holds after the listing - respect
if it bleeds into it - saw that coming)
#BCHJumps28%OnCMEFuturesListing
