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BTC has dropped below $8000 for the first time since July 2018

Notice how BTC price has reacted when a traditional entity launches Futures for it. CBOE launched December 10th 2017 at the peak of the last bull market and subsequently btc nose dived. Bakkt launched September 22 with btc at $10.1k now btc has dropped below $8000

What do you guys think? Coincidence or correlated?