what she found in the computer <| sep |> Link To Original Submission I Am A Bot . Please Message uccd if you have any feedback or suggestions . <| sep |> Volume on futures is huge . It is also impossible to fake , unlike chinese spot volume which is often questionable . Every futures contract has someone short and someone else long it ' s 1 to 1 . Futures influences spot in several ways . Remember we have 10 x or 20 x available on futures . So if you are conservative , and only use 10 x leverage with 500 BTC , congratulations you now have a 5 , 000 bitcoin position . For every dollar movement on futures price , you now win or lose $ 5 , 000 . Every dollar . Sometimes the effects of this kind of power varies . At times when futures are weak , you see the futures spread simply tracking the spot price . If the premium is $ 15 for futures price , maybe it just mirrors the movement on spot . That happens frequently , but it ' s also common if spot index moves a few dollars in one direction , futures overreacts , because leverage makes people twitchy . At other times , you can see futures influence the entire market . For instance , take the recent massive futures liquidation for example a short position of 43537 contracts 5391 BTC was liquidated at 807 . 50 . To liquidate them , futures price went from $ 733 on 1120 to $ 808 on 1121 24 hours , then it stopped going up and price retreated . At the same time OKC USDBTC spot price went from $ 707 to 755 . 50 , then retreated look at other spot markets and you will see then do the same in that timeframe . So just like that , in under 24 hours one person lost over 4 million dollars . Futures premium went pretty high when that occurred , so the spot market didn ' t entirely keep pace with that sort of aggressive movement , but it certainly got dragged up thru that period . This is an excellent example of every big market tracking the futures market , and price changed direction exactly 50 cents after margin calling a 4 million dollar position on futures , and the spot markets followed the same trend for that 24 hour period . That isn ' t the biggest futures position by any means . It was one of the largest to get liquidated tho , as normally top holders don ' t sit on their hands without adjustingdefending their position while they get liquidated . Futures brings more volume and there is more money in it on OKC than anywhere . When the big boys want to throw their weight around , there ' s been evidence of orchestrated market action across multiple exchanges to influence price . If you have the funds to influence the spot market for only 24 hours , and your futures position is large enough , it is certainly very well worth the risk as the returns with leverage are immense , as can be the losses .