I would like to clarify a little about futures and their impact on the crypto market.
It is important to immediately understand that futures are not a factor influencing growth, but bets on growth or decline, like bookmakers. In the minds of many, thanks to numerous “experts” and “market sharks”, there is an impression that “shave the hamsters” means taking money for yourself from the exchange or market - this is not so, the exchange and the market don’t care how much you earned or how much you went into the red.
The theory that if there are a lot of short sellers for a coin worth billions, then it will definitely grow against the market in order to shave short sellers - NO. The coin doesn’t care how many shorts there are (this only affects indirectly).
I'll tell you with an example.
There is a product, for example, a CAL token; something happened to a project within the company, a problem or failure or something else, because of this, a certain number of holders began to drain it on SPOT and the coin sank. Casino players see this and start shorting, the total amount of shorts can be, for example, 10 million, but this does not mean that these millions are related to capitalization)) Casino players just bet on a fall and others, as opposed to growth, then, for example, the project will eliminate the problem and holders will no longer sell and the coin will begin to fluctuate on the spot or return to previous values, and short-sellers will be shaved BUT NEITHER THE PROJECT TEAM NOR THE EXCHANGE will take these 10 lamos for themselves, they will be taken by those who made a bet in opposition and the exchange on which the trades took place will take theirs commission. People get shaved by other people. Naturally, a certain group of people, having insiders, can make a bet more correctly and thereby receive a part from the liquidation of short sellers.
Now pay attention, if the project continues to have problems and holders on SPOT continue to sell and the price continues to fall, then no matter how many shorts there are, the price will continue to fall without thinking about the need to shave someone.
If we draw an analogy, the market is a football match which is influenced by a bunch of factors such as team composition, weather, coaching staff, etc., and this is what will determine whether the team wins or loses, BUT NOT FROM THE FACT THAT IN THE BOOKMAKING COMPANY THERE ARE MORE BETS ON WIN OR LOSS )))
Futures are bets on the movement of the market and not a factor that provokes growth or decline) the exchange broadcasts the chart in real time, the chart moves from purchases and sales on Spot and those billions that “experts” talk about as a factor say there are liquidations per billion or Longs per billion or vice versa, they do not go into the capitalization of the project, they do not affect the cost, they are distributed among futures players, just like in sports betting, some bet on team A, others on team B, team A won and bets on team B went to those who bet on team A, excluding commission.
Naturally, as I wrote above, there are insiders, there are frauds on the part of exchanges for their own benefit, etc., but this is dust for the global market. A billion in Longs affects the price of Bitcoin less than the million for which the purchase was made on the spot, since it is on the spot that participants buy a specific coin, investing money in its capitalization and thereby influencing the price, and those who engage in futures trading make bets and distribute the money between themselves, some shave others.
I wrote this because news and conclusions need to be filtered, you should look at the real situation on the market and inside the project that interests you and not at the rate indicators because there can be huge numbers that are great for headlines in tg channels and the media but the impact on the price There is practically no difference from these numbers.
Naturally, indirectly, part of the liquidity for spot purchases comes from speculation on futures, but I repeat this INDIRECT influence - dust.
As always, I tried to describe in an accessible language how it works, but those who, despite my recommendation not to go into the casino, still decide or have already decided to do so, MUST first study thoroughly where they got into, how it works, etc.