While Wall Street closed, the market kept moving. From Wednesday’s close to Thursday’s open: SPY rose 1.11%, TMF (3x long 20Y) rose 2.45%, while UVXY fell 5.94% due to reduced hedging for volatility.

The most interesting point is: among the 16 perpetuals that are tied to the same stocks, the median has already captured 97% of Thursday’s opening gap, with a 100% directional hit rate and a trading volume of US$1.02B, while the U.S. cash market is still closed.

The market didn’t wait for the opening bell. It moved overnight, and perpetuals can join in on that momentum too.

🔗 Read the full analysis → https://www.binance.com/en/research/analysis/beyond-the-closing-bell

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⚠️ Do your own research (DYOR). Not financial advice.