Agree, the perp fire is a very bearish signal for the market.
Those who have never traded U.S. stocks do not know how strict the control of U.S. banks or brokerage firms is over American retail investors. Financial derivatives, options leverage, these are not casually opened to retail investors. Most retail investors only have options for passive investment or trading of the underlying stocks.
Unlike the crypto space, where any newcomer can play contracts with 100x leverage and lose everything in a matter of days.
Therefore, I am very bearish on the industry trend turning into on-chain contracts. This is aimed at completely uprooting and eliminating retail investors.
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