While I was checking on the dump portion of the most recent pump and dump that was occurring I saw Hive rebounded quite hard. Usually when I see the KRW/Hive trading pair doing its thing I know there is going to be a big dump upon its finished pump.. its just how things are.
But I was surprised to see it stabilize so quickly.. It is possible the P&D is not over yet, but it seems like its possible due to futures launching there is now more volume coming into Hive.
We can see the dump and it quickly corrected upon futures launch.
I am skeptical if this is bullish for Hive in the short term. When I saw Bitcoins CBOE futures launch we had many big drops before we saw Bitcoin climb to all time highs. So its hard to say how this will affect Hive as well now there are futures.
Personally I will not be trading these, as I am a US customer. But I am thankful for such Bitcoin futures like BITO, if you do not know about it do some research. You can earn dividends based on Bitcoins volatility through that ETF.
So we shall see how it all plays out, but interesting new development.
You can find the announcements below.
https://finance.yahoo.com/quote/BITO/
Link to a Bitcoin futures ETF above.
None of this is financial advise, just my own observations.