Gate News message, April 11, a research institution released the latest data showing that crypto perpetual contracts anchored to traditional assets such as gold and oil are gradually taking on the role of “pre-pricing Wall Street.” The accuracy of predicting the opening direction of traditional markets on Monday based on weekend price movements is about 89%. The data shows that the current weekly trading volume for these contracts has reached about $31.0 billion, and weekend trading activity continues to rise, averaging about 38% of weekdays. During the traditional markets’ holiday closures, the crypto market has already priced in about 57% of the price moves, with a correlation of 0.80. In periods of high volatility such as geopolitical conflicts, the crypto perpetual market provides traders with hedging and real-time pricing tools, and its price signals are becoming an important reference for judging the short-term trend of traditional financial markets.
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