Crypto perps predict Wall Street open with 89% accuracy, says Binance

Perpetual futures linked to traditional assets traded on crypto exchanges predict the direction of Wall Street's Monday opening with 89% accuracy, CoinDesk reported, citing an analysis by Binance Research. The research found that about 57% of price movements that occur over the weekend are already reflected before the market opens on Monday. This suggests that weekend activity in the crypto perpetuals market can offer a preview of Monday's market trends. Binance Research also noted that recent weekend trading volume has risen to about 38% of weekday levels, indicating that price discovery for traditional assets like gold and oil is increasingly shifting to the 24/7 crypto market.