I saw the Coinbase Assets announcement this morning.
Starting Friday at 8 p.m. Beijing time,
perpetual futures for GRAM, GRASS, QNT, and ZRO will launch,
available in some regions.
Same news, but the markets didn't move in lockstep.
$GRAM spot was around 1.24, up about 3.7% on the day;
futures were up about 5.2%, with roughly 78 million in volume.
Open interest barely increased, with a notional value of about 21.4 million U,
and accounts were about 62% long.
$QNT spot was around 164, down about 8.4% on the day;
it had fallen as low as 163, with futures volume of about 61.4 million.
Open interest edged up, and accounts were already leaning short.
The news was out there, but the money wasn't on the same side.
I'll see how the market opens tomorrow.
$GRAM $QNT #Coinbase #Futures
Just my personal opinion; not investment advice
Starting Friday at 8 p.m. Beijing time,
perpetual futures for GRAM, GRASS, QNT, and ZRO will launch,
available in some regions.
Same news, but the markets didn't move in lockstep.
$GRAM spot was around 1.24, up about 3.7% on the day;
futures were up about 5.2%, with roughly 78 million in volume.
Open interest barely increased, with a notional value of about 21.4 million U,
and accounts were about 62% long.
$QNT spot was around 164, down about 8.4% on the day;
it had fallen as low as 163, with futures volume of about 61.4 million.
Open interest edged up, and accounts were already leaning short.
The news was out there, but the money wasn't on the same side.
I'll see how the market opens tomorrow.
$GRAM $QNT #Coinbase #Futures
Just my personal opinion; not investment advice