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RE: Goldman Sachs To Open Bitcoin Trading Operation
The futures market is directly correlated to the btc market. If you crash the futures you can then short btc until the prices equal out. And if you buy a whole bunch of futures you'll pump the btc market.
But they are not correlated. The futures market would have to be many magnitudes larger if one wanted to shock the btc market but even then this would not be direct manipulation. It would be the market opinion responding.