The price of $wld has been rising in the past two days, so I monitored the address trends of several major market makers and found that GSR Markets and Flow Traders have recently transferred large amounts of WLD, so this increase is likely due to market makers trying to The futures return currency is caused by buying.
GSR transferred a total of 1.3668 million WLD from CEX to the address from October 2 to October 4. GSR will need to repay 12 million WLD when it expires on October 22. The address currently holds more than 8 million WLD.
Flow Traders transferred nearly 1 million WLD to its address from Binance on October 5. Flow Traders needs to repay 24 million WLD when it expires on October 22. The address now holds more than 7 million WLD (Flow Traders estimates that there are still hidden addresses, The initial quantity is less.)
But it should not rise more than $2, because the agreement is that the market maker will repay the currency when it expires or buy the borrowed WLD for $2~$3.5.
GSR transferred a total of 1.3668 million WLD from CEX to the address from October 2 to October 4. GSR will need to repay 12 million WLD when it expires on October 22. The address currently holds more than 8 million WLD.
Flow Traders transferred nearly 1 million WLD to its address from Binance on October 5. Flow Traders needs to repay 24 million WLD when it expires on October 22. The address now holds more than 7 million WLD (Flow Traders estimates that there are still hidden addresses, The initial quantity is less.)
But it should not rise more than $2, because the agreement is that the market maker will repay the currency when it expires or buy the borrowed WLD for $2~$3.5.