Derivatives Market Strength Appearing at the Right Moment

[Lioncrypto]

There’s growing speculation again around another wave of ETF-related announcements, and the derivatives market is often the first area to reflect trader expectations before any official decision hits the news. Open interest has been climbing, and it feels like positioning is happening quietly beneath the surface while prices remain relatively controlled.

Looking at the data, BingX showing Top 8 in CMC Derivatives and Top 13 on CoinGecko really stood out to me. As someone who actively watches execution quality, I’ve noticed the order books there feel more liquid recently. It gives me the impression that more experienced traders are using it as a base for positioning ahead of a potential market shift.

Do ranking changes during pre-news positioning usually indicate early smart money movement?