Bitcoin’s jump up and right back down is at least partially due to the crypto derivatives markets.
Source: https://www.coindesk.com/market-wrap-traders-whack-the-beehive-as-bitcoin-surges-then-plunges
Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges Then Plunges
June 2, 2020
CoinDesk
