FxWirePro: A Run Through on Bitcoin Futures Price Ahead of January’2109 Expiry

Of-late, it is observed that the huge price volatility of cryptocurrencies that is majorly due to the stringent regulatory actions on ETFs. But, in the recent past, the volatility has been reduced due to CME futures expiry week. We quickly run you through bitcoin futures trading prices ahead of CME Bitcoin Futures of January month expiry.

The current round of CME Bitcoin Futures trading has its final trading day on Friday. 

This will be the last chance for relevant futures contracts to be traded or closed out and post this date outstanding contracts need to settled by cash as per original specifications. 

The days surrounding futures expiration are always prone to unusual price activity with scenarios like short squeezing, tending to exaggerate price movements.

As you could see above technical chart, Bitcoin (BTC) is trading at around $3,583. Meanwhile, futures contracts have recorded a discount of more than $100 as these derivatives contracts of February delivery are currently being traded for $3,480 while articulating. March contracts are being traded for $3,445 levels, while June futures are being traded for $3,445.

The trading in CBOE bitcoin futures have been unveiled by CFE under the ticker symbol "XBT" (contract specifications fact sheet.)

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -54 levels (which is bearish), while hourly USD spot index was at 111 (bullish) while articulating at (12:27 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex