[Analysis: Crypto perpetual contracts pegged to traditional assets are taking on the role of 'pricing Wall Street in advance'] Deep Tide TechFlow reports, on April 11, according to CoinDesk, Binance Research released data showing that crypto perpetual contracts pegged to traditional assets like gold and crude oil are gradually taking on the role of 'pricing Wall Street in advance.' The accuracy rate of predicting the direction of traditional markets' Monday opening based on weekend price movements has reached approximately 89%. Reportedly, the weekly trading volume of such contracts has now reached around $31 billion, with weekend trading activity continuously increasing, averaging about 38% of weekday levels. During traditional market closures, the crypto market has already reflected approximately 57% of price movements, with a correlation of about 0.80. During periods of high volatility, such as geopolitical conflicts, the crypto perpetual market provides traders with hedging and real-time pricing tools, and its price signals are becoming an important reference for assessing short-term trends in traditional financial markets.