This bitcoin market is a lot more robust than the one back in 2017 by jondoe

hive-167922 · @jondoe · Nov 27 '20

$3.70

This bitcoin market is a lot more robust than the one back in 2017

# Robust Futures and Options Markets make this bitcoin market a lot more resilient than back in 2017

Back in 2017 the bitcoin market wasn't nearly as liquid and deep as it is today.

Not only in the spot markets, but possibly more importantly in the derivatives markets.

As we have seen in other markets, the derivatives market often becomes larger than the underlying spot markets.

The robust derivatives markets is possibly why bitcoin hasn't tanked further than it has in the last couple days.

![image.png](https://i.imgur.com/fCaBb2h.png)

(Source: https://www.bloomberg.com/news/articles/2020-11-27/bitcoin-s-rocky-comeback-from-fringes-to-mainstream-in-charts?sref=323RPL5z)

The reason for this has to do with the amount of money involved in the markets these days compared with back in 2017.

The level of liquidity allows large investors to hedge their bitcoin holdings and ride out the volatility spikes like we saw these couple days.

That makes bitcoin a lot more attractive to large institutions and also keeps the price of bitcoin from being as volatile as it could be.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jondoe/this-bitcoin-market-is-a-lot-more-robust-than-the-one-back-in-2017)

👍 jrcornel, leo.voter, brian.rrr, bigram13, penguinpablo, created, always1success, planter, ctime, livingfree, visionaer3003, dagobert007, steemaction, funnyman, intacto, hatschi0773, raiseup, cryptonized, policewala, bastter, dylanhobalart, solominer, boneym, roleerob, thegossip, leofinance, jondoe, onepercentbetter, pixelfan, yameen, upvoteinvest, kggymlife, merlion, tariqul.bibm, recoveryinc, scaredycatcurate, gadrian, spinvest-leo, pataty69, chucknun, omarrojas, engrsayful, snoochieboochies, localgrower, ahlawat, damla, travelwritemoney, mtl1979, bilpcoinbpc, flauwy, senseiphil, babytarazkp, beehivetrader, bilpcoinbot, break-out-trader, dying, bigmoneyman, paragism, jk6276, alokkumar121, dtrade, letshodl, ldelegations, saltiberra, and 18 others

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