Prior to its launch, Bakkt’s physically settled Bitcoin futures product was seen by several cryptocurrency investors as a possible major catalyst for next major BTC Battle of Bull Run. However its lackluster launch has manifest itself at the same time with a bout of capitulation at intervals the collective crypto markets.
One outstanding analysis cluster is currently noting that Bakkt might have truly been a drive behind the recent call the crypto markets, as its low initial mercantilism volume might have come back as a big disappointment to several investors.
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