Bitcoin price drop, the real cause
Since the start of the 2017 the price collapse many times and there may be a correlation to this effect with the introduction of BTC futures. The same effect occurred in 2007 with uranium futures.
From the graphs it is evident..
#BigBanksAreNotYourFriend
And uranium prices never recovered, at least until today. (22,7 USD, Investing.com )
Sad story but uranium was recovering and a new upwards trend was beginning in 2010-2011, as the disaster of Fukushima happened. So I don't think furures trading is responsible for the long term price. It should be the overproduction and the low demand.
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