According to @RhythmicAnalyst, some exchanges used Auto-Deleveraging to close profitable short positions and he calls ADL market manipulation that should be banned; he distinguishes normal liquidations as lender protection versus ADL impacting counterparties, source: @RhythmicAnalyst on X (Oct 11, 2025). In crypto perpetual futures, ADL is triggered when the insurance fund cannot absorb bankrupt losses, and opposing traders’ positions are forcibly reduced based on a priority metric tied to leverage and profit, source: Binance Futures Auto-Deleveraging documentation and Bybit ADL guide. High-leverage, highly profitable positions in crowded markets face the highest ADL ranking and are more likely to be reduced during extreme volatility or thin liquidity when insurance funds are stressed, source: Binance Futures ADL explanation and Bybit Risk Limits documentation. Trading actions that reduce ADL exposure include monitoring the ADL indicator or queue on each position, lowering effective leverage, trimming position size, and using hedges or stops to manage forced reductions, source: Binance Futures and Bybit Help Center guidance on ADL indicators, liquidation, and risk limits. Because ADL orders execute at market price, traders can experience slippage and realized PnL variance across major perpetual markets including BTC and ETH; staying alert to rising ADL indicators is critical during stress events, source: Binance Futures ADL notes and Bybit ADL documentation.

According to @OnchainLens citing Nansen data, a Gnosis Safe Proxy wallet transferred 11.67 million ONDO (approximately $10.87 million) into exchanges. According to @OnchainLens citing Nansen data, 3.89 million ONDO (about $3.63 million) from that flow was sent to Arthur Hayes' Bybit deposit address, and a total of 40.77 million ONDO (about $41.25 million) has been deposited into the same Bybit address over the past month (address: 0x4D29A09D022C054811dAdf9eE921C43ca091fA03). According to @OnchainLens, all figures are derived from on-chain tracking via Nansen.

According to @ai_9684xtpa, Flowdesk-linked addresses withdrew 3.513 million EIGEN from Binance, OKX, and Bybit within the past 30 minutes, indicating significant exchange outflows for EIGEN during the rebound move, source: @ai_9684xtpa on X, Oct 5, 2025. The withdrawn amount was valued at approximately $6.635 million at an average withdrawal price of $1.88, source: @ai_9684xtpa on X, Oct 5, 2025. The tokens were subsequently consolidated to address 0xA93...2A915, source: @ai_9684xtpa on X, Oct 5, 2025. The post includes an ARKM Intel wallet reference at 0x7391375e8b8Cbbe1e03A7EC1b3EE65961B38a2a6 for on-chain verification, source: @ai_9684xtpa on X with ARKM Intel link intel.arkm.com/explorer/address/0x7391375e8b8Cbbe1e03A7EC1b3EE65961B38a2a6, Oct 5, 2025.

According to @EmberCN, 90 million WLFI valued at roughly USD 18.46 million were moved into Bybit within the past hour at about USD 0.205 per token, source: @EmberCN on X, Oct 3, 2025. According to @EmberCN, the same address withdrew 96.88 million WLFI from Bybit about a month ago at an estimated price of USD 0.225, source: @EmberCN on X, Oct 3, 2025. According to @EmberCN, these figures imply an estimated loss of about USD 1.89 million on the returned WLFI, source: @EmberCN on X, Oct 3, 2025. According to the source, the referenced address is intel.arkm.com/explorer/address/0x8C43369166d42dA3cf289b7caA72C57E98496CAd, source: Arkham address explorer.

According to @ai_9684xtpa, four wallets deposited 14.52 million ENA valued at $8.9 million into Bybit. Source: @ai_9684xtpa. The receiving Bybit address reportedly had frequent interactions with Mirana Ventures about three years ago, but its ownership remains unconfirmed. Source: @ai_9684xtpa. The wallet for review is 0x2bbe282A893D2Cb4672306a7e879e3cca4A1Cda6 as listed on the Arkham Intelligence explorer shared in the post. Source: Arkham Intelligence via the link referenced by @ai_9684xtpa. Large token deposits to centralized exchanges are commonly monitored by traders for potential changes in on-exchange liquidity that can influence near-term price dynamics. Source: CryptoQuant research on exchange inflows.

According to @EmberCN, Bybit and Plasma launched a chain-adoption push that pairs Bybit’s ongoing Token Splash with a 9 million XPL trading reward pool for users, source: @EmberCN. From September 29, USDT withdrawals from Bybit via the Plasma Network carry zero withdrawal fee, aimed at lowering capital rotation costs for arbitrage and multi-address fund routing, source: @EmberCN. Depositing USDT to Bybit via the Plasma Network grants raffle tickets worth 0.5 to 100 USD each, but users must first claim the Benefits Center task titled Bybit invites you to explore Plasma before depositing, source: @EmberCN. The campaign set also includes a fixed 400 percent APR Earn offer for 3 days alongside the 9 million XPL trading pool as part of Bybit’s Plasma-focused adoption drive, source: @EmberCN.

According to @OnchainDataNerd, wallet 0x500Bea59133e20dC63B7E88913B30348494b84ba withdrew 2.16M ASTER (about $4.24M) from Bybit roughly 30 minutes ago, indicating a single large outflow from the exchange; source: https://twitter.com/OnchainDataNerd/status/1972857125073486292. The address and transfer details can be verified on Arkham Intelligence at intel.arkm.com/explorer/address/0x500Bea59133e20dC63B7E88913B30348494b84ba, confirming the on-chain movement; source: https://intel.arkm.com/explorer/address/0x500Bea59133e20dC63B7E88913B30348494b84ba. The reported notional implies an average transfer price of approximately $1.96 per ASTER based on the figures provided (4.24M divided by 2.16M); source: https://twitter.com/OnchainDataNerd/status/1972857125073486292.

According to @TATrader_Alan, the new MNT utilities page on Bybit consolidates token uses in one place, making it easier to plan how to deploy MNT for trading and yield strategies (source: @TATrader_Alan). According to @TATrader_Alan, they use MNT to reduce spot trading fees by 25%, which directly cuts execution costs for active traders on Bybit (source: @TATrader_Alan). According to @TATrader_Alan, they keep a long-term allocation because they view MNT as taking on a BNB-style role within the Bybit ecosystem, framing it as an exchange-token exposure play (source: @TATrader_Alan). According to @TATrader_Alan, while holding, they stake or earn with MNT so the position accrues yield instead of remaining idle, aligning fee savings with on-platform yield capture (source: @TATrader_Alan).

According to @ki_young_ju, Bitcoin perpetual futures whales went long heavily on OKX, Bybit, and HTX (source: @ki_young_ju on X, Sep 27, 2025). According to @ki_young_ju, the taker buy ratio on OKX is at its highest since January 2023 (source: @ki_young_ju on X, Sep 27, 2025).

According to @OnchainLens, a whale withdrew 3.15M APEX worth about $5.7M from Bybit roughly 2 hours ago and supplied the tokens as liquidity on Uniswap V3; the wallet is 0x76d6f63a7e2d8202d3534d836c2e724be74e965b, with data attributed to Nansen (source: @OnchainLens; data: Nansen). According to @OnchainLens, APEX has risen by 230% over the past 24 hours, highlighting heightened trading momentum during the on-chain liquidity deployment (source: @OnchainLens; data: Nansen). According to @OnchainLens, the implied unit price of the transfer is approximately $1.81 per APEX based on the reported amount and value, calculated from the provided figures (source: @OnchainLens; data: Nansen).

According to @EmberCN, Bybit is running a Token Splash campaign with a 9,000,000 XPL rewards pool valued at about $7.2 million, described as the largest ongoing XPL event pool. Source: @EmberCN on X (Sep 25, 2025). New user tranche totals 3,000,000 XPL: register, enroll on the Token Splash page, then either deposit at least 500 XPL or deposit 100 USDT and buy 100 USDT worth of XPL; the first 10,000 new users who complete the tasks receive 300 XPL each (about $240). Source: @EmberCN on X (Sep 25, 2025). Trading tranche totals 6,000,000 XPL: enroll on the Token Splash page and trade XPL spot to share the pool by trading volume, with an individual cap of 10,000 XPL (about $8,000); a rewards estimator is available on the signup page. Source: @EmberCN on X (Sep 25, 2025). The author notes Plasma’s narrative includes stablecoin sector positioning and support from Bitfinex and Tether CEO Paolo Ardoino, with mention of USDT issuance around $173B and Tether’s annual profit of about $13B; the author also cites an initial circulating market cap for Plasma in excess of $1B. Source: @EmberCN on X (Sep 25, 2025) and the Bybit_ZH X post referenced by @EmberCN.

According to @lookonchain, wallet 0x5bd4 withdrew 1.56M ASTER worth $3.57M from Bybit about 2 hours ago. According to @lookonchain, the wallet now holds a total of 8.28M ASTER valued at $16.98M. According to @lookonchain, this marks a 1.56M ASTER exchange outflow from Bybit associated with this address.

According to @OnchainDataNerd, whale address 0x5bd withdrew 1.56 million ASTER worth about 3.57 million dollars from Bybit roughly 20 minutes before the post, indicating a fresh exchange outflow. Source: @OnchainDataNerd on X, Sep 25, 2025. According to @OnchainDataNerd, the wallet’s total ASTER holdings stand at 8.26 million units worth about 19 million dollars. Source: @OnchainDataNerd on X; Arkham Intelligence explorer for address 0x5bd424475463bE257fBb58ad407C0F39da4A9142. Exchange outflows move tokens off order books and can tighten immediate sell-side liquidity on the venue, a metric tracked by on-chain analytics for trading signals. Source: Glassnode Insights, Exchange Balances methodology.

According to @lookonchain, a newly created wallet 0x5bd4 bought 6.72M ASTER valued at USD 13.97M from Bybit today. Source: @lookonchain. The implied average fill is about USD 2.08 per ASTER based on the reported amounts 13.97M divided by 6.72M. Source: @lookonchain. The address 0x5bd4 activity and holdings can be reviewed on Arkham Intel for verification and ongoing monitoring. Source: Arkham Intel.

According to Lookonchain, a Gnosis Safe Proxy wallet deposited 26.28M ONDO (about $24.7M) to exchanges roughly 10 hours ago, with the activity traced to address 0x4D29A09D022C054811dAdf9eE921C43ca091fA03 based on Arkham Intelligence data (source: Lookonchain on X and Arkham Intelligence). According to Lookonchain, 6.57M ONDO (about $6.19M) from that flow was sent to Arthur Hayes' Bybit deposit wallet (source: Lookonchain on X). According to Lookonchain, cumulative transfers to the same Arthur Hayes Bybit deposit wallet over the past month total 36.88M ONDO (about $37.56M) (source: Lookonchain on X).

According to @ai_9684xtpa on X, a wallet the author links to Arthur Hayes received 26.28M ONDO (~$24.7M) from the Ondo project about 14 hours prior and subsequently sent the tokens in batches to Coinbase, Bybit, Binance, and OKX with suspected selling, citing wallet data at https://intel.arkm.com/explorer/address/0x4D29A09D022C054811dAdf9eE921C43ca091fA03 (source: @ai_9684xtpa on X). According to the same source, the author states Hayes had already sold ETHFI and HYPE before this reported ONDO movement (source: @ai_9684xtpa on X). Based on this alert of large ONDO deposits to multiple centralized exchanges, traders may prioritize monitoring ONDO order books and liquidity on the named venues for near-term flow-driven volatility (source: @ai_9684xtpa on X).

According to @ai_9684xtpa, ETH whale address 0xB041569B6FFac3B2cb6d289e85458E90B62D6ECB built an ETH position at an average cost of $4,430 about two weeks ago, signaling a high-cost basis for recent accumulation, source: @ai_9684xtpa on X (Sep 23, 2025). The address withdrew 6,915 ETH (approximately $30.63 million) from exchanges between Sep 10–13 and then deposited 2,250 ETH (about $9.36 million) to Bybit roughly 7 hours ago, source: @ai_9684xtpa on X; Arkham Intelligence address page (intel.arkm.com/explorer/address/0xB041569B6FFac3B2cb6d289e85458E90B62D6ECB). The whale sold 3,000 ETH on-chain yesterday at $4,385, indicating distribution below the stated cost basis, source: @ai_9684xtpa on X; Arkham Intelligence. The wallet currently holds 7,554.7 WETH, providing remaining supply context, source: Arkham Intelligence address page. If the newly deposited 2,250 ETH are sold, the realized loss versus the $4,430 cost basis would be about $607,000, source: @ai_9684xtpa on X (Sep 23, 2025). Wallet and transaction details can be reviewed at intel.arkm.com/explorer/address/0xB041569B6FFac3B2cb6d289e85458E90B62D6ECB, source: Arkham Intelligence.

According to @OnchainLens, Arthur Hayes deposited 96,628 HYPE, valued at approximately $5.03 million, into Gate and Bybit about an hour before the Sept 21, 2025 post, with the sender activity visible at hyperevmscan.io/address/0xab3fc22f04a12d624cd81923f4ca64e28c089532, source: Onchain Lens on X; HypeEVMScan. According to @OnchainLens, the post also notes Hayes delivered a presentation three weeks earlier outlining a scenario in which HYPE could achieve 126x growth, indicating a previously stated bullish thesis, source: Onchain Lens on X. According to @OnchainLens, the transfer places at least 96,628 HYPE on exchange-linked addresses at Gate and Bybit, increasing immediately tradable supply on those venues for near-term order flow, source: Onchain Lens on X; HypeEVMScan. According to @OnchainLens, traders can track subsequent movements from the referenced address on HypeEVMScan and watch HYPE spot markets on Gate and Bybit for changes in volumes, spreads, and order-book depth following the deposit, source: Onchain Lens on X; HypeEVMScan; Gate; Bybit.

According to @EmberCN, Trend Research transferred all remaining $NEIROETH to Gate and Bybit within the last 20 minutes, totaling 346 million tokens valued at 14.36 million dollars and representing 34.6% of total supply, source: @EmberCN on X, Sep 21, 2025. According to @EmberCN, Trend Research previously controlled 67% of $NEIROETH supply, or about 670 million tokens valued at 73 million dollars, source: @EmberCN on X, Sep 21, 2025. According to @EmberCN, they sent 32.4% of supply (324.7 million tokens worth 22 million dollars) to exchanges on Sep 4 and today sent another 34.6% (346 million tokens worth 14.36 million dollars) to exchanges, source: @EmberCN on X, Sep 21, 2025. According to @EmberCN, since the exchange deposits began on Sep 4, $NEIROETH has declined 60%, source: @EmberCN on X, Sep 21, 2025.

According to @EmberCN, a whale deposited 15.1 million ENA into Binance about one hour ago, valued at approximately $10.09 million and showing an estimated profit of $5.61 million (+125%) based on prior entries (source: @EmberCN). According to @EmberCN, the ENA tranche was accumulated on-chain three months ago after withdrawals from Bybit at a reported cost of about $4.48 million at roughly $0.29 per ENA, with the address shared via Arkham: https://intel.arkm.com/explorer/address/0x5119941dF07190F196F928f5087acF3dD9eD41E1 (source: @EmberCN, Arkham). Based on the values reported by @EmberCN, the current valuation implies an average ENA price near $0.67 for the transferred amount (source: @EmberCN).