BINANCE RESEARCH: BAKKT IS CONTRIBUTING FACTOR TO BITCOINS FALL

The world of cryptocurrency is no stranger to volatility, with Bitcoin, the king of digital assets, often experiencing dramatic price swings.In late September 2019, Bitcoin saw a significant dip, dropping by approximately 20%.While numerous factors can influence Bitcoin's price, a recent report from Binance Research, the analytics arm of the major cryptocurrency exchange Binance, suggests a surprising culprit: the launch of Bakkt, an institutional trading platform for Bitcoin futures. Binance Research found that market sentiment towards the disappointing launch for Bakkt was likely a contributing factor to bitcoin s price in September. According to the report, One possible reason, explaining Bitcoin s price drop, could be the general indifference towards the much-hyped release of Bakkt, as BTC prices dropped over $1,000This platform, hyped as a potential catalyst for institutional investment in the crypto space, had an unexpectedly negative impact.What was initially anticipated to be a watershed moment for Bitcoin turned into an anticlimactic event, leaving many wondering what went wrong. 大型加密货币交易所Binance的最新研究支持以下理论：机构交易平台Bakkt的推出部分导致比特币下跌了20％。 在最新版的市场概览中，该交易所的分析机构币安Research将Bakkt选为主要事件，发生在上周比特币价格下滑之前。 币安：Bakkt是比特币下跌的 促成因素This article delves into the Binance Research findings, exploring how Bakkt's launch may have inadvertently contributed to Bitcoin's price decline. Besides BAKKT, Binance said its OTC desk has seen more sell flows than buys. Traders have moved out of their altcoin positions and even BTC positions when BTC prices were around $10,000.We'll examine the market sentiment, trading volumes, and other contributing factors to provide a comprehensive understanding of this complex situation. 大型加密貨幣交易所Binance的最新研究支持以下理論：機構交易平台Bakkt的推出部分導致比特幣下跌了20％。 在最新版的市場概覽中，該交易所的分析機構幣安Research將Bakkt選為主要事件，發生在上周比特幣價格下滑之前。 幣安：Bakkt是比特幣下跌的「促成因素」We will also evaluate other aspects that contributed to Bitcoins price decline beyond just the launch of Bakkt.

The Bakkt Launch: High Hopes and Disappointing Reality

Bakkt, a subsidiary of Intercontinental Exchange (ICE), the operator of the New York Stock Exchange, was launched with the promise of bringing institutional investors into the cryptocurrency market.This was a highly anticipated event for several reasons.Institutional investors, with their vast capital and sophisticated trading strategies, were expected to inject liquidity and stability into the often-volatile crypto market. Major cryptocurrency exchange Binance s newest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%.Bakkt's physically-settled Bitcoin futures contracts, meaning that the contracts were settled in actual Bitcoin rather than cash, were also seen as a more legitimate and secure way for institutions to gain exposure to Bitcoin.

However, the launch on September 22, 2019, was underwhelming.Trading volumes were significantly lower than expected, and the initial market reaction was far from enthusiastic.This sparked a wave of disappointment and uncertainty among crypto traders and investors.The initial excitement quickly turned into apprehension as the markets reacted to Bakkt's less than stellar performance.

Binance Research's Analysis: Connecting Bakkt to the Bitcoin Price Drop

Binance Research, in its market overview published on September 30th, highlighted Bakkt's launch as a key event preceding the Bitcoin price drop.The report suggested that the disappointment surrounding Bakkt's launch played a significant role in the subsequent price decline. Binance Research pointed out that the lackluster trading volumes and the general indifference towards Bakkt's release might have triggered a sell-off in the Bitcoin market.

The report also suggested that the ""selling the news"" phenomenon might have contributed to the price drop.This refers to the tendency of investors to sell an asset after a highly anticipated event, even if the event itself is not inherently negative. A mais recente pesquisa da Binance, importante exchange de criptomoedas, d apoio a teoria de que o lan amento da plataforma institucional de trading Bakkt causou parcialmente uma queda de 20% noIn this case, the anticipation surrounding Bakkt's launch had driven up Bitcoin's price in the weeks leading up to the event. Borsanın analiz kolu Binance Research' n g ncel piyasaya genel bakışı Bitcoin'in ge en haftaki değer kaybından başlıca Bakkt'ı sorumlu tuttu. Binance: Bakkt Bitcoin'in d ş ş n n etken fakt rlerinden biri. Cointelegraph'ın haberine g re Bakkt Bitcoin vadeli işlemleri 23 Eyl l'de başlattı. g n sonra BTC/USD paritesiOnce Bakkt launched and failed to meet expectations, investors may have taken profits, leading to a price correction.

The ""Sell the News"" Effect

The concept of ""selling the news"" is a well-known phenomenon in financial markets.It often occurs when an event has been widely anticipated and priced into an asset's value. Binance periodically releases a markets overview which provides a professional analysis of the overall crypto market. The most recent Binance markets overview talks about Bakkt and the recent market crash. Binance provides a table showing the monthly change for the top cryptocurrencies whichWhen the event finally happens, the market may react negatively as investors take profits or realize that the actual outcome is not as positive as they had hoped.This can lead to a price decline, even if the underlying fundamentals of the asset remain unchanged.

• Example: Imagine a company is expected to announce strong earnings. Most notably, on Septem, Bakkt Bitcoin futures contracts started trading. However, what was hoped to be a groundbreaking moment for the market turned out to be a massive anticlimax . One of Bakkt s promises is to bring institutional investors into the crypto market.Investors buy the stock in anticipation, driving up the price.When the earnings are announced, even if they are good, some investors may sell their shares to take profits, leading to a temporary price drop.

In the case of Bakkt, the ""sell the news"" effect may have been amplified by the fact that the launch coincided with a period of general uncertainty in the crypto market. Binance Research: Bakkt Is Contributing Factor to Bitcoin s Fall 1 Like Comment CommentConcerns about regulatory scrutiny, market manipulation, and the overall sustainability of the crypto industry were already weighing on investors' minds.

Other Contributing Factors to the Bitcoin Price Decline

While Binance Research highlighted Bakkt's launch as a contributing factor, it's important to acknowledge that Bitcoin's price is influenced by a multitude of factors. Binance Research: Bakkt Contributed to Recent BTC Drop. The research arm of Binance also believes that the disappointment that ensued after Bakkt s launch was a primary factor behind the recent drop.Attributing the entire 20% drop solely to Bakkt would be an oversimplification.Other potential contributors include:

• Overall Market Sentiment: The cryptocurrency market is heavily influenced by sentiment. One possible reason, explaining Bitcoin s price drop, could be the general indifference towards the much-hyped release of Bakkt, as BTC prices dropped over $1,000 a day or so after trading began Short-term wise though, Bakkt s disappointing start seems to have been a contributing factor to the recent price decline.Negative news or rumors can trigger a chain reaction, leading to widespread selling.
• Technical Analysis: Technical analysts use chart patterns and other indicators to predict future price movements. Binance s latest research supports the theory that Bakkt s launch partly caused Bitcoin s fallA break below a key support level can trigger further selling as traders react to the perceived weakness.
• Macroeconomic Factors: Global economic conditions, such as interest rates and inflation, can also impact Bitcoin's price.
• Regulatory Developments: Regulatory announcements, whether positive or negative, can have a significant impact on the crypto market. ANewEraforBitcoin? Introduction WhilesmartcontractplatformslikeEthereum,BNBChainandSolanacontinuetotakethe headlines,haveaquickpeekatcryptomarketcapitalizationIncreased regulatory scrutiny can dampen investor enthusiasm, while positive regulatory developments can boost confidence.
• Whale Activity: Large Bitcoin holders, known as ""whales,"" can influence the market by making large buy or sell orders.
• OTC Desk Activity: Binance also noted that its over-the-counter (OTC) desk experienced more sell orders than buy orders around the same time. This price is influenced by factors like Bitcoin s current price, Binance introduced Bitcoin options trading in 2025. Like OKX, it also allows users to reduce their fees by holding itsThis suggests that larger traders were reducing their exposure to Bitcoin.

JPMorgan Chase & Co. also offered an analysis, suggesting that the launch of new futures contracts, coupled with the unwinding of long positions, contributed to the Bitcoin decline. Skip to main content Bitcoin Insider. MenuThey acknowledged the listing of physically-settled futures contracts as a factor, but pointed out that Bakkt's initial low trading volume itself had little direct impact. With low fees and over 400 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets. With Binance users can: Trade hundreds of cryptocurrencies on Spot, Margin, and Futures markets. Buy and sell cryptocurrencies with Binance P2P. Earn interest on your crypto with Binance Earn.This highlights the complex interplay of factors affecting Bitcoin's price.

Did Altcoins Also Contribute to the Bitcoin Fall?

The article also mentions that traders were moving out of altcoin positions as well as Bitcoin positions when Bitcoin prices were around $10,000.This suggests that there was a broader risk-off sentiment in the market, with traders reducing their exposure to all types of cryptocurrencies, not just Bitcoin.This could have been driven by concerns about the overall health of the crypto market or by a desire to reduce risk in the face of broader economic uncertainty.

The Long-Term Impact of Bakkt

Despite the disappointing launch and the potential contribution to Bitcoin's price decline, Bakkt's long-term impact on the cryptocurrency market remains to be seen. According to JPMorgan Chase Co, the recent Bitcoin decline was due to the launch of the new futures contracts as well as an unwind of long positions . JPMorgan noted that the listing of physically settled futures contracts was a contributing factor in the crash and that the initial low trading volume of Bakkt really had no impact.The platform has continued to develop and expand its offerings, and it has the potential to play a significant role in the institutional adoption of Bitcoin in the future. A report from the Binance cryptocurrency exchange supports the view that the launch of the Bakkt institutional trading platform has become one of the factors that drove Bitcoin's price down by 20%. In a recent market review, the analytics department of the exchange called Binance Research called Bakkt the main event that happened shortly before the price of bitcoin fell. The Bakkt site beganIt takes time for new markets and investment vehicles to establish themselves.Initial reactions are not always indicative of long-term success. Bakkt has the potential to be a long-term player within the market.

Bakkt's Evolution

Since its initial launch, Bakkt has introduced new products and services, including:

• Cash-settled Bitcoin futures: Offering an alternative to physically-settled contracts.
• Options on Bitcoin futures: Providing more sophisticated trading strategies for institutional investors.
• Custody solutions: Securely storing Bitcoin for institutional clients.

These developments demonstrate Bakkt's commitment to expanding its presence in the cryptocurrency market and catering to the needs of institutional investors.

Actionable Advice for Crypto Investors

Given the volatility and complexity of the cryptocurrency market, it's crucial for investors to approach it with caution and diligence.Here are some actionable tips:

1. Do your own research (DYOR): Don't rely solely on news headlines or social media hype. Binance Research claims that one of the potential reasons for this may have been people selling on the news of Bakkt launching. The crypto industry lost significant momentum during September.Conduct thorough research on any cryptocurrency or project before investing. Bitcoin is an open-source project with global development communities and more than 600 contributors on GitHub, as of the time of writing. A complete list can be found on bitcoin.org and in the public GitHub repository for the Bitcoin protocol. Development activities can be found here. 6. Additional resources. Binance Academy (2025). What IsUnderstand the underlying technology, the team behind it, and the potential risks and rewards.
2. Diversify your portfolio: Don't put all your eggs in one basket.Diversify your cryptocurrency holdings across different assets to reduce risk.
3. Manage your risk: Only invest what you can afford to lose. Binance: Bakkt ha contribuito alla caduta di Bitcoin. Il trading su Bakkt divenuto ufficialmente attivo alle EST del 22 settembre, vale a dire alle del giorno successivo in Italia. Tre giorni dopo, il valore della coppia BTC/USD rapidamente scivolato da oltre 10.000$ e sotto gli 8.000$.The cryptocurrency market is highly volatile, and there's always a risk of losing your investment.
4. Stay informed: Keep up-to-date with the latest news and developments in the cryptocurrency market. En la ltima edici n de su resumen de mercados, Binance Research, la divisi n anal tica del exchange, se al a Bakkt como el principal evento que tuvo lugar justo antes de la ca da de los precios de Bitcoin la semana pasada. Binance: Bakkt es un factor contribuyente en la ca da de BitcoinFollow reputable news sources and research firms like Binance Research.
5. Use stop-loss orders: Set stop-loss orders to limit your potential losses in case of a price decline.
6. Consider a long-term perspective: Don't get caught up in short-term price fluctuations. In der neuesten Ausgabe seiner Markt bersicht bezeichnete Binance Research, die Analyseabteilung der B rse, Bakkt als das wichtigste Ereignis, das kurz vor dem Kursr ckgang von Bitcoin letzte Woche stattfand. Binance: Bakkt ein Mitverursacher des Bitcoin-R ckganges. Wie CointelegraphFocus on the long-term potential of the cryptocurrency market and the assets you're investing in.

Questions and Answers

Was Bakkt solely responsible for Bitcoin's price drop?

No, while Binance Research suggested that Bakkt's launch contributed to the price decline, it was likely just one of several factors at play.Other factors, such as overall market sentiment, technical analysis, and macroeconomic conditions, also played a role.

Is Bakkt a failure?

No, it's too early to label Bakkt a failure.While the initial launch was underwhelming, the platform has continued to develop and expand its offerings.It has the potential to play a significant role in the institutional adoption of Bitcoin in the future.

Should I invest in Bitcoin?

Investing in Bitcoin is a personal decision that depends on your individual risk tolerance, financial goals, and investment horizon.Cryptocurrency investments can be risky. Binance Research, the analytics arms of the major crypto exchange newest theory suggests that Bakkt partly caused Bitcoin price to drop by 20%. On Sept 30th, Binance research published a market overview that the launch of the institutional trading platform, Bakkt occurred just before Bitcoin s price slip last week.Before investing, it's essential to conduct thorough research and understand the potential risks and rewards.

Conclusion: Bakkt's Role and the Complexity of Bitcoin's Price

In conclusion, while Binance Research suggests that the launch of Bakkt contributed to Bitcoin's 20% price drop in late September 2019, it's crucial to understand that multiple factors influence the price of the world's leading cryptocurrency. La investigaci n m s reciente del gran criptoexchange Binance apoya la teor a de que el lanzamiento de la plataforma de comercio institucional Bakkt hizo que Bitcoin cayera un 20%.The underwhelming initial performance of Bakkt may have disappointed investors, contributing to a ""sell the news"" effect.However, factors such as overall market sentiment, technical analysis, macroeconomic conditions, and whale activity also played a significant role.For investors, this situation underscores the importance of conducting thorough research, diversifying portfolios, and managing risk effectively.The cryptocurrency market remains volatile and complex, requiring a cautious and informed approach.Despite the initial setback, Bakkt continues to evolve and potentially shape the future of institutional involvement in the cryptocurrency space.As with any investment, it is essential to approach Bitcoin with a long-term perspective, understanding both its potential and its risks. Binance Research provides institutional-grade analysis, in-depth insights, and unbiased information to all participants in the cryptocurrency and digital asset industry.Further research, resources like Binance Academy, and staying current with market analyses will help ensure informed trading practices and decisions.