"The traders love futures contracts. They can sell futures to build short positions without borrowing the asset & paying interest rate. That increases the pressure on buyers, who now have two choices: either buy the asset itself or the futures contracts. And with contracts, they don’t need to pay for storage of the underlying assets. Long-term, contracts are cheaper."
So who else here are using future contracts? This article might help you. https://medium.com/mark-price/can-you-drop-bitcoin-price-with-futures-contracts-81e8a45fc075