According to @JasonSoraVC, traders should prioritize risk management when markets run hot and remember no financial loss justifies self-harm, source: @JasonSoraVC on X, Oct 11, 2025. He stated the latest sell-off produced the largest liquidations in history, with most liquidations concentrated in altcoins and perpetual DEX positions while Bitcoin remained comparatively strong, source: @JasonSoraVC on X, Oct 11, 2025. He added that the move was not a black swan event, source: @JasonSoraVC on X, Oct 11, 2025. He cautioned that a significantly larger correction could be triggered by trade war or proxy war dynamics, source: @JasonSoraVC on X, Oct 11, 2025.

According to @KookCapitalLLC, their portfolio is 99% spot and they rarely trade perpetuals, keeping only one or two small positions for perp DEX farming. Source: @KookCapitalLLC on X, Oct 11, 2025. According to @KookCapitalLLC, the only open long was ZEC, they added on the sell-off, and the liquidation level was $142. Source: @KookCapitalLLC on X, Oct 11, 2025. According to @KookCapitalLLC, a wick to $140 liquidated the position before ZEC moved up significantly today. Source: @KookCapitalLLC on X, Oct 11, 2025. According to @KookCapitalLLC, they intend to run it back, underscoring the wick-driven liquidation risk they experienced on a perp DEX during ZEC volatility. Source: @KookCapitalLLC on X, Oct 11, 2025.

According to @ReetikaTrades, airdrop point incentives pushed many traders on Crypto Twitter into leveraged perpetual trading on decentralized exchanges, concentrating risk in on-chain perps; source: @ReetikaTrades on X, Oct 11, 2025. She reports this was followed by one of the biggest crypto liquidation runs, indicating a crowded leverage unwind across perp venues; source: @ReetikaTrades on X, Oct 11, 2025.

According to @lookonchain, SunPerp has surpassed $1.35B in total trading volume since its Sept 19 launch and has onboarded 14,315 users, highlighting rapid adoption of its DEX perpetuals venue; source: Lookonchain X post https://twitter.com/lookonchain/status/1975926550987219232. Based on the same figures, the implied volume per onboarded user is approximately $94,000, an analytical ratio derived from the Lookonchain data that traders can use to gauge venue activity intensity; source: calculation based on Lookonchain X post https://twitter.com/lookonchain/status/1975926550987219232. The official site listed for platform access and further market-level details is https://www.sunperp.com; source: Lookonchain X post https://twitter.com/lookonchain/status/1975926550987219232 and SunPerp site https://www.sunperp.com.

According to @gametheorizing, Lighter XYZ has graduated to Mainnet and is positioned as a user-friendly perpetual DEX with an advertised zero fees model and first-principles architecture, source: @gametheorizing on X, Oct 2, 2025. He states the team is adding features at an appropriate cadence and is one of the few in the perp DEX category that backs hype with substance, source: @gametheorizing on X, Oct 2, 2025. For traders, this launch signals immediate on-chain access to a zero-fee perpetual venue as described in his post, source: @gametheorizing on X, Oct 2, 2025.

According to Polynomial (@PolynomialFi), $ORDER is live; source: Polynomial (@PolynomialFi) on X, https://twitter.com/PolynomialFi/status/1973002394876440583, Sep 30, 2025. Orderly Network, described as an on-chain trading exchange, has landed on Polynomial, with the team framing it as perp DEX season; source: Polynomial (@PolynomialFi) on X, https://twitter.com/PolynomialFi/status/1973002394876440583, Sep 30, 2025.

According to @0xRyze, in a multi-chain market, capital and builders gravitate to ecosystems with the strongest community conviction and support, so traders should overweight projects where social engagement and belief are highest and improving (source: @0xRyze). According to @0xRyze, consumer crypto products inflect nonlinearly—often not working until they suddenly do—so a concentrated approach in the strongest early teams beats a shotgun portfolio across many names (source: @0xRyze). According to @0xRyze, narratives compound within chains—pumps spawn launchpads and hype drives perp DEX participation—so aligning with a leading ecosystem’s core apps can capture follow-on rotations and volume (source: @0xRyze). According to @0xRyze, founders and teams within the same ecosystem cross-promote and share institutional knowledge, so traders should map clusters and size into category leaders that benefit from ecosystem flywheels (source: @0xRyze). According to @0xRyze, the fastest edge is to enter the ecosystem’s social sim cluster—engage with memes and people—to test cultural fit and stickiness before sizing up positions (source: @0xRyze).

According to the source, Aster led perpetual DEXs with USD 35.9B in 24-hour trading volume, indicating a notable short-term liquidity surge for derivatives traders. Source: the source. Elevated trading volume is associated with deeper liquidity and tighter spreads, which can reduce slippage and improve execution quality for active strategies. Sources: CME Group Education; Nasdaq Market Microstructure. High turnover on perpetual contracts often coincides with larger funding-rate deviations from neutral, presenting carry opportunities when rates persistently skew positive or negative. Source: Binance Academy (Funding Rates Overview). For risk control during high-volume sessions, traders commonly monitor funding rates, open interest changes, and top-traded pairs before sizing positions and setting stops. Sources: Binance Academy (Risk Management); CME Group Education.

According to @ai_9684xtpa, wallet 0x4F12b217Aa59E6D3e1f91ca2dC96f9543576618B sold approximately $4.84 million worth of WBTC and $2.838 million of AAVE about three hours ago, signaling an exit from BTC and AAVE exposure. Source: @ai_9684xtpa on X x.com/ai_9684xtpa/status/1971474512039608699; hypurrscan.io/address/0x4F12b217Aa59E6D3e1f91ca2dC96f9543576618B The same wallet then deposited 4.692 million USDC into Hyperliquid and purchased 101,000 HYPE for about $4.25 million, implying an average fill near $42.1 per HYPE. Source: @ai_9684xtpa on X x.com/ai_9684xtpa/status/1971474512039608699; hypurrscan.io/address/0x4F12b217Aa59E6D3e1f91ca2dC96f9543576618B The author frames this as a rotation into the Perp DEX narrative and notes the wallet previously showed a bearish bias on ASTER with three short positions. Source: @ai_9684xtpa on X x.com/ai_9684xtpa/status/1971474512039608699 These on-chain flows concentrate the wallet’s exposure into HYPE on Hyperliquid, a trading-relevant shift for monitoring HYPE liquidity and momentum amid the Perp DEX trend. Source: @ai_9684xtpa on X x.com/ai_9684xtpa/status/1971474512039608699; hypurrscan.io/address/0x4F12b217Aa59E6D3e1f91ca2dC96f9543576618B

According to @MilkRoadDaily, Scott Melker argues the Federal Reserve is effectively neutered and recent rate cuts have not triggered a crypto rally, indicating macro policy headlines are not the dominant driver of BTC and ETH near term, source: @MilkRoadDaily, Sep 25, 2025. The discussion highlights that gold is signaling recession risk while equities continue to rally, suggesting traditional cross-asset signals are breaking down for traders, source: @MilkRoadDaily, Sep 25, 2025. The segment focuses on what is actually moving markets now, pointing to AI-driven flows, institutional participation, and ETF listings as bigger catalysts than the classic four-year cycle, source: @MilkRoadDaily, Sep 25, 2025. It also notes growing activity in perpetual DEXs and raises whether institutional listings and market structure shifts are the real game changers for liquidity and price discovery, source: @MilkRoadDaily, Sep 25, 2025. Trading takeaway: prioritize monitoring ETF listing dynamics, institutional flow indicators, and Perp DEX activity over rate-cut headlines when positioning in majors like BTC and ETH, source: @MilkRoadDaily, Sep 25, 2025.

According to @KookCapitalLLC, the market does not have enough perpetual DEX options and should return to the proliferation seen during the BSC fork DeFi Summer period, indicating a push for more on-chain derivatives venues (source: @KookCapitalLLC on X, Sep 21, 2025). According to @KookCapitalLLC, a cited example from that era was Hyrule Swap, where farming the Golden Rupee led to significant losses and the token ultimately went to zero, underscoring liquidity and tail-risk concerns for farm tokens (source: @KookCapitalLLC on X, Sep 21, 2025). According to @KookCapitalLLC, this highlights retail appetite for more perp DEX launches while simultaneously reminding traders that illiquid emissions tokens can rapidly collapse to zero, a material risk factor for strategy design and risk management (source: @KookCapitalLLC on X, Sep 21, 2025).

According to @ranyi1115, Orderly has powered 58 live perpetual DEXs since 2023 as of Sep 20, 2025, indicating rapid adoption of its derivatives infrastructure and a growing venue count for perpetual futures trading, source: @ranyi1115 on X, Sep 20, 2025. For traders, a larger network of Orderly-powered venues can expand cross-venue arbitrage paths while requiring tighter monitoring of funding rate dispersion, fee schedules, and slippage across these DEXs to optimize execution quality, source: @ranyi1115 on X, Sep 20, 2025. The emphasis on fast spin-up suggests quicker launch cycles for new perp markets on Orderly-powered exchanges, which can shift intraday liquidity and volume distribution and reward proactive venue routing and market data surveillance, source: @ranyi1115 on X, Sep 20, 2025.

According to @justinsuntron, a perpetual derivatives DEX on TRON named Sunperp has launched at sunperp.com, source: @justinsuntron on X on Sep 18, 2025. According to @justinsuntron, TRON is a major USDT network, source: @justinsuntron on X on Sep 18, 2025. According to @justinsuntron, perpetuals were among USDT’s earliest use cases, highlighting a derivatives-focused application for USDT on TRON, source: @justinsuntron on X on Sep 18, 2025.

According to @tradeparadex, 4,000,000 XP was distributed across 6,481 wallets for activity during Sep 5–Sep 11 with 0% week-over-week change, source: @tradeparadex. VIP Affiliates received 131,457 XP as part of the Affiliate Program for that week, source: @tradeparadex. 500,000 XP was allocated to improve liquidity on Paradex and users are directed to updated Quote Quality XP documentation, source: @tradeparadex. Taker volume continues to be overweighted and the global taker rebate up to 1 bp remains ongoing, source: @tradeparadex. Going forward, no additional Shizopunks will be distributed, source: @tradeparadex.

According to Adrian (@adriannewman21), BasedOneX is generating around $400,000 in daily revenue while its X account has roughly 15,000 followers (source: Adrian (@adriannewman21) on X, Sep 11, 2025). The post flags this revenue-to-follower mismatch as a signal and explicitly directs attention to Hyperliquid, implying trader focus on the related perp DEX opportunity (source: Adrian (@adriannewman21) on X, Sep 11, 2025). The callout suggests monitoring Hyperliquid-linked market flows and on-chain activity as potential trading cues, per the post’s implication (source: Adrian (@adriannewman21) on X, Sep 11, 2025).

According to @milesdeutscher, Hyperliquid just recorded a new all-time high in daily revenue, marking a fresh peak for the exchange’s fee income. Source: Miles Deutscher on X (Aug 14, 2025). He further states that as market euphoria builds, the revenue figure could rise, and that HYPE is extremely reflexive to market sentiment and volatility—implying outsized sensitivity to swings in crypto risk appetite. Source: Miles Deutscher on X (Aug 14, 2025). Trading takeaway: if volatility accelerates, the author’s view suggests HYPE may exhibit stronger momentum relative to the broader market due to its sentiment-driven reflexivity. Source: Miles Deutscher on X (Aug 14, 2025).

According to @PolynomialFi, after four years of development, the platform has introduced a perpetual decentralized exchange (perp DEX) that integrates both order book and automated market maker (AMM) models. This hybrid approach aims to solve the core challenges faced by traditional perp DEXs, where order books offer fast execution but suffer from fragmented liquidity, while AMMs provide deep liquidity but slower trade fills. By combining these systems, PolynomialFi targets improved trading efficiency and deeper liquidity pools, which could boost trading volumes and attract more active participants to the decentralized derivatives market. Source: @PolynomialFi

According to @KookCapitalLLC, successful trading in cryptocurrencies like Hyperliquid (HYPR) does not require being the earliest adopter, but rather maintaining objectivity and closely monitoring market developments. KookCapitalLLC highlights that he initially dismissed Hyperliquid as just another perpetual DEX and did not participate in early farming. Instead, he waited for centralized exchange (CEX) listing momentum before committing significant capital to the HYPR trade, demonstrating the importance of timing and objective analysis over hype-driven early entry. This approach is especially relevant for crypto traders seeking to capitalize on major moves without incurring unnecessary risk (Source: @KookCapitalLLC, June 11, 2025).

According to Ai 姨 (@ai_9684xtpa), the deployment of the $KILO token, associated with the BSC ecosystem's Perp DEX project KiloEx, occurred 16 hours ago. The analysis of transaction records shows that the IDO creation method used is identical to that of the $PARTI token, which was utilized two days prior. This information is crucial for traders monitoring IDO patterns and token deployments on BSC.