# Why magnitude? In any given week, the move you "see coming" (the FOMC rate decision, the ETF approval, the major hack, the macro headline) is rarely a clean directional call. You know there will be a reaction; you just don't know which way. Traditional perpetuals make you guess wrong half the time. MOVE contracts don't. You bet on the **event**, not the **outcome**. A few use cases that work well: * **Volatility plays around catalysts.** Long MOVE before a binary event (CPI, FOMC, ETF decision); collect if the market reacts in either direction. * **Hedging directional positions.** If you're long spot BTC, a long MOVE position offsets you when BTC drops sharply. The magnitude payoff compensates for the directional loss. * **Yield on quiet markets.** If you believe a week will be unusually calm, a short MOVE collects premium as the underlying stays close to its open. * **Pure volatility trading.** Treat MOVE as you would a VIX contract, but on-chain and on the assets you actually trade. You can't do any of this cleanly with perpetuals or spot. You can do it with options, but options are illiquid, fragmented, and require you to manage strikes, greeks, and time decay. **MOVE is one number per market**. *** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.movex.market/about-movex/why-magnitude.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.