📊 While Wall Street was asleep, the market had already priced everything in
The Fed’s rate decision from last week was released more than two hours before the close of trading in the US. But the main move happened after the market had already closed.
What happened overnight (from Wednesday’s close to Thursday’s open):
— SPY: +1.11%
— TMF (3x long on 20-year Treasuries): +2.45%
— UVXY: −5.94% — volatility hedges were unwinding
Most interesting:
— For 16 perps on tokenized copper assets, the median contract recovered 97% of Thursday morning’s gap before the market even opened
— 100% accuracy on direction
— $1.02B in volume while US markets were closed
The market didn’t wait for the opening bell. It moved overnight—and the perps were right there.
→ Full breakdown in Binance Research
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The Fed’s rate decision from last week was released more than two hours before the close of trading in the US. But the main move happened after the market had already closed.
What happened overnight (from Wednesday’s close to Thursday’s open):
— SPY: +1.11%
— TMF (3x long on 20-year Treasuries): +2.45%
— UVXY: −5.94% — volatility hedges were unwinding
Most interesting:
— For 16 perps on tokenized copper assets, the median contract recovered 97% of Thursday morning’s gap before the market even opened
— 100% accuracy on direction
— $1.02B in volume while US markets were closed
The market didn’t wait for the opening bell. It moved overnight—and the perps were right there.
→ Full breakdown in Binance Research
Binance App | Chat | Instagram | YouTube | X | Blog | Support | Activities
