Theory on the BTC-MOVE daily:
The majority of the time the MOVE contract will trend down from the initial price UNLESS of course some large votality occurs.
Why? The price generally opens between $200-300...
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So as long as BTC doesn't breach this amount on the upside or downside the MOVE will have no choice but to trend down.
This is why I believe we see such clean downtrends on the BTC-MOVE daily as opposed to uptrends, which are instead seen as violent spikes upwards.
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I am currently seeking out a place with historical candle data of daily BTC-MOVE charts.
Thoughts on this?
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Ah shit I forgot but somewhere on the FTX site there was a button where you could download a csv file for move contracts closing history.
help, I forgot where that button is again.
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