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Business / Economy Economy

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

Source: coinDesk July 30, 2026 · 02:00
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.
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