MAC_D
[Price pattern due to increased Derivatives Exchange BTC Reserve]
If the BTC Reserve of the derivative exchange are greater than the BTC Reserve of the spot exchange, the price has been found to fall when the BTC Reserve of the derivative exchange further increase. BTC reserves on derivatives exchanges increase as the size of BTC trading on derivatives exchanges increases. However, the increase in short position derivatives exchanges hinders price increases. This is because the market bets on falling rather than rising prices. In addition, whale investors, who can have a significant impact on prices, move some BTCs to futures exchanges for short position and sell BTCs on spot exchanges. In this case, the number of coins can be increased without the asset value falling. Recently, an important signal is that BTC reserve on the spot exchange continue to decrease. This means that BTC's selling pressure is decreasing. Therefore, if the size of BTC reserve of derivatives exchanges decreases, there is a possibility that BTC will rise again.