Source: CoinDesk ↗
Bitcoin and ether markets are ruled by perps. SpaceX showed how far their influence can go
What the source reports
Perpetual futures drive much of the price discovery for bitcoin and ether. When traders pointed the same machinery at a private company, they priced the biggest IPO in history more accurately than Wall Street, and then watched the stock walk away from them.
Read the original report on CoinDesk ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Morning Minute: Robinhood Posts Its Best Quarter Ever
Plus markets are rebounding after a slightly hawkish FOMC, BTC ETFs flip to inflows and MoonPay launches a new AI product + airdrop
Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall
US spot Bitcoin ETFs took in roughly $999 million over seven straight days of inflows from July 14 to July 22, according to data from Farside Investors. Four straight outflow days followed, pulling about $526 million back out through July 28. Across the broader window from May 29 to July 28, daily totals imply roughly […]The postForget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidati...
Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
The FT said Situational Awareness has approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off.