FalconX(@FalconXGlobal):Crypto market structure is changing — fast. In our report with @21shares, we break down what actually drives this market today: • Derivatives dominate (often >80% of activity on peak days) • A single event - October 10 - triggered $19B in liquidations • Regulation + institutional rails are reshaping how capital enters The shift isn’t about price anymore

FalconX

@FalconXGlobal

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FalconX@FalconXGlobal

2026.04.30 13:00

Crypto market structure is changing — fast. In our report with @21shares, we break down what actually drives this market today: • Derivatives dominate (often >80% of activity on peak days) • A single event - October 10 - triggered $19B in liquidations • Regulation + institutional rails are reshaping how capital enters The shift isn’t about price anymore - it’s about structure. Read here: