Next CME Bitcoin Futures Settle on December 28: Upcoming Price Action?

Next week will see another round of Bitcoin futures expire and settle on the Chicago Mercantile Exchange (CME). Even though the CME Bitcoin futures are cash-settled, they could impact Bitcoin’s actual spot price.

CME Futures Expiration and Their Effect On Bitcoin

CME’s next round of six-month Bitcoin futures ends on December 28, 2018, with settlement on January 3, 2019. These futures contracts started trading back on July 2 of this year.



According to data CryptoPotato had received from CME Group, a previous round of six-month Bitcoin futures contracts started on January 2, 2018, and ended on June 29. The chart below shows slight price action for Bitcoin, correlating with the June 29 expiration date. However, such effect could very well be attributed to other crypto market factors.

cme_futures_jun29-minImage from


Another round of six-month CME Bitcoin futures ran from April until the end of September. But the charts showed little action coinciding with their expiration in September.

Bitcoin is currently priced at a significantly lower level than when the current six-month contracts began. Bitcoin’s price fluctuated around the mid $6,000 range back on July 2. As of the time of this writing, Bitcoin is valued around $4,000.

Cause and Effect

The CME and Chicago Board Options Exchange (CBOE) Bitcoin futures are cash-settled, unlike exchanges such as Bitmex, meaning no spot Bitcoin is moved, bought, or sold in the process. However, these mainstream futures contracts seem to be a hot topic in the crypto space, even though Bitcoin’s price is not directly impacted with each futures position taken.

CME and CBOE futures’ impact on Bitcoin’s spot price could be a self-fulfilling prophecy. Speculators in the crypto space may think these CME or CBOE Bitcoin futures expirations and settlements will move the market one way or the other.

They might then make trading decisions based on those speculations, buying or selling spot Bitcoin. If enough people engage in such speculation, it would likely move Bitcoin’s spot price.

Another possibility could see traders hedging their CME or CBOE futures positions, buying spot Bitcoin while shorting Bitcoin futures on the CME or CBOE for example.

Only time will tell if December 28, 2018, or January 3, 2019, will have any impact on Bitcoin’s spot price.

Be the first to know about our price analysis, crypto news and trading tips: Follow us on Telegram or subscribe to our weekly newsletter.

CryptoPotato Video Channel

More news for you:

Bitcoin Price Analysis Dec.23: Same Range, Healthy But Fragile

By Yuval Gov  /  Dec 23, 2018

Market Watch: Ethereum Outstands with a 17.6% Gains and Hits the $130

By Mandy Williams  /  Dec 23, 2018

What is Bitcoin Halving? Will it Trigger the Next Bull-Run?

By arnon  /  Dec 22, 2018

Bitcoin Price Analysis Dec.22: Is It Just a Healthy Correction, Or Back Down?

By Yuval Gov  /  Dec 22, 2018

Did the Federal Reserve’s Interest Rate Hike Boost the Price of Bitcoin?

By Toju Ometoruwa  /  Dec 21, 2018

Bitfinex Announces a New Trading Pair for USDT-USD Margin Trading

By Ali Raza  /  Dec 21, 2018

What 460 Million Bitcoin Addresses Tell us About the State of Cryptocurrencies

By Toju Ometoruwa  /  Dec 21, 2018

Ethereum Price Analysis Dec.21: ETH Is Back Above $100. What’s Coming Up?

By Jonathan Goldman  /  Dec 21, 2018

Inside Information Leaked? Waves Surged Over 30% Before Announcing On $120M Funding Round

By Toju Ometoruwa  /  Dec 20, 2018

Bitcoin Price Analysis Dec.20: Bitcoin Breaks $4000. What’s Next?

By Yuval Gov  /  Dec 20, 2018

Ripple Blames the Lack of Regulatory Clarity for the Banks’ Reluctance to Use XRP

By Ali Raza  /  Dec 20, 2018

Charles Hoskinson Special Interview: In 2019, Cardano will Get Back to the Top 5 Market Cap

By Toju Ometoruwa  /  Dec 20, 2018

New Study Reveals: 4,818 Crypto Pump and Dump Schemes Recorded In Just 6 Months

By Toju Ometoruwa  /  Dec 19, 2018

Bear Market Causing Unemployment: Recent Layoffs In Leading Crypto Projects

By Toju Ometoruwa  /  Dec 19, 2018

Bitcoin Price Analysis Dec.19: Are Bulls Back or Is It a Dead-Cat Bounce?

By Yuval Gov  /  Dec 19, 2018

EOS Block Producers Are in Risk of Bankruptcy Despite The Recent 25% Price Gain

By Guest Author  /  Dec 18, 2018

Crypto Market Update Dec.18: One Year Passed Since Bitcoin’s ATH. Following The Correction, What’s Next?

By Yoni Berger  /  Dec 18, 2018

Weekly Price Analysis Overview Dec.18: Bitcoin, Ethereum, Bitcoin Cash and DOGE

By Yoni Berger  /  Dec 18, 2018

Coinbase Adds Crypto-to-Crypto Trading (But There are Small Letters)

By Ali Raza  /  Dec 18, 2018

The Danish Tax Authorities Dilemma: The High 53% Tax Doesn’t Encourage The Danish Citizens to Report Earnings

By Ali Raza  /  Dec 18, 2018

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); = id;
js.src = “//”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
Article Source…