An analysis has found that traditional asset-linked perpetual futures traded on cryptocurrency exchanges predict the direction of Wall Street's opening on Monday with 89% accuracy. According to CoinDesk, Binance Research stated, "Approximately 57% of the price movements formed over the weekend are already reflected before Monday's opening. Simply put, by observing the perpetual futures market moving on cryptocurrency exchanges over the weekend, one can somewhat anticipate Monday's market trends. Recent weekend trading volume has also increased to about 38% of weekday levels. The price formation of traditional assets like gold and oil is increasingly shifting to the ‘24/7 open’ cryptocurrency market."
