Like all other futures instruments, the Hash Rate Futures price already reflects market expectation of the price in the future, not the spot price. For example, if the mining difficulty is at 23T currently, the futures contract maturing at the next resetting day could be trading at 23.2T already, reflecting an increase from the current difficulty level. If a trader thinks the difficulty would go higher than 23.2T, the trader can long the future difficulty by shorting the Hash Rate Futures. On the contrary, if another trader thinks the difficulty will not reach 23.2T for this difficulty reset, but rather, say 23.1T, this second trader can short the future difficulty by longing the Hash Rate Futures

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