How Perpetual Futures Control Bitcoin and Ether Prices, and What SpaceX Teaches Us
The process of setting crypto prices is often misunderstood, with many believing it to be driven by spot trading, where buyers and sellers meet on an exchange. However, this has not been the case for years, particularly for bitcoin, ether, and the broader crypto market. Perpetual futures, or 'perps', are contracts that never expire and have become the dominant force in crypto futures trading, acc…