(This is just for the purpose of study of market psychology on crypto. A study of technical analysis. Not for trading purposes)
If ever, crypto goin to fall, the BTC will be cushion by XBT which is listed in CBOE. Based on Technical analysis, XBT currently trading at 13800 which is lower than the opening price at 15500. The probability for a sharp fall on BTC is still there, but because of XBT, traders may look at XBT before making any decisions on BTC. What this mean, is that, BTC sell down may not be as bad as before the existence of XBT.
In the case of XRP and ETH, it would still be the same as before, they can go any other way, up or down without limit. (Please double check on this before you come into any conclusion.)
Thus, with the XBT listed on CBOE, I personally feel that BTC is more stabilise than before ang making trading risk more manageable.
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