Analysis: "Cryptocurrency Perpetual Futures Accurately Hit Wall Street Opening Direction 89% of the Time"

Analysis suggests that perpetual futures linked to traditional assets traded on cryptocurrency exchanges predict the direction of Wall Street's opening on Monday with 89% accuracy. According to CoinDesk, Binance Research analyzed, "Approximately 57% of price movements formed over the weekend are already reflected before the market opens on Monday. Simply put, this means that by observing the perpetual futures market on cryptocurrency exchanges over the weekend, one can read Monday's market trends to some extent in advance. Recently, weekend trading volume has also increased to about 38% of weekday levels. The formation of prices for traditional assets such as gold and oil is increasingly shifting to the '24-hour open' cryptocurrency market."