The market for CME Bitcoin futures shrank to its lowest level in four months, with volumes about 50% lower than peak activity in July. The futures market behavior was viewed as an indicator for weakening Bitcoin (BTC) performance. Futures Potentially Sway Bitcoin Price Direction The futures market posted the lowest volumes in four months, just as BTC broke down below $10,000 again, failing to perform another rally. BTC slid to $9,896.49 after a one-hour crashRead MoreThe post CME Bitcoin Futures Volumes Hit 4-Month Low, Should We Be Worried? appeared first on Bitcoinist.com.
