Perpetual Futures Season is Upon Us, According to DWF Labs Co-founder
CryptoNewsTerminal Staff19 Aug, 2024
Perpetual Futures Season is Upon Us, According to DWF Labs Co-founder
As the crypto market continues to swing wildly, DWF Labs co-founder Andrei Grachev pointed out a pattern he's noticed in the last two years. According to Grachev, the crypto market has followed a pattern of bear > recovery > bull > correction > memecoins season > correction > perpetual futures season > recovery > bull. Grachev tweeted on Saturday, "We are in perpetual futures season." Perpetual futures are a type of futures contract that allow traders to maintain a position indefinitely by rolling it over at the end of each contract period. This can be a useful tool for traders who want to bet on the future price of an asset without having to take delivery of the underlying asset. It will be interesting to see if the crypto market continues to follow this pattern and whether perpetual futures season will lead to another bull market. Only time will tell.
