Bitcoin and ether markets are ruled by perps. SpaceX showed how far their influence can go

AI Summary 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. fulltext: 257 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/markets/2026/07/30/bitcoin-and-ether-markets-are-ruled-by-perps-spacex-showed-how-far-their-influence-can-go Source: CoinDesk