According to @ThinkingUSD, the 10/10 event lacked public clarity on what occurred, why certain users were compensated, and which accounts suffered major drawdowns, underscoring why DEXs are critical for crypto’s survival. Source: @ThinkingUSD The same source states that solvency at some centralized exchanges remains uncertain due to absent post-event disclosure and transparency. Source: @ThinkingUSD The source recommends shifting trading activity to a DEX and specifically choosing Hyperliquid to mitigate venue uncertainty and counterparty risk. Source: @ThinkingUSD

According to @ThinkingUSD, the 10/10 incident underscored a lack of transparency at centralized exchanges, with no public clarity on what happened, why compensation occurred, or which accounts faced large drawdowns (source: @ThinkingUSD on X, Nov 4, 2025). According to @ThinkingUSD, this uncertainty implies unresolved solvency and counterparty risk at CEXs and strengthens the case for decentralized exchanges such as Hyperliquid (source: @ThinkingUSD on X, Nov 4, 2025). According to @ThinkingUSD, the trading takeaway is to prioritize DEX venues to mitigate opaque exchange risk and rely on on-chain transparency for order execution and risk management (source: @ThinkingUSD on X, Nov 4, 2025).

According to @ThinkingUSD, the author posed a public question on X asking which crypto trading app or platform has the best trading UI and why on Nov 1, 2025. Source: @ThinkingUSD on X, Nov 1, 2025. The post invites comparative feedback on live order-entry and execution interfaces used in crypto trading, positioning the thread as a crowdsourced reference for platform selection and workflow optimization. Source: @ThinkingUSD on X, Nov 1, 2025. No prices, volumes, rankings, or specific platforms were cited by the author in the post itself. Source: @ThinkingUSD on X, Nov 1, 2025.

According to @ThinkingUSD, traders should avoid using MEXC in 2025 and instead choose Hyperliquid for crypto derivatives trading, signaling a clear venue preference that may affect execution and risk management decisions (source: @ThinkingUSD on X, Oct 31, 2025). This post frames exchange selection as a critical trading input for 2025, explicitly favoring Hyperliquid over MEXC for perpetuals activity and order routing decisions (source: @ThinkingUSD on X, Oct 31, 2025).

According to @ThinkingUSD, an entity has accumulated 10.54% of ETH’s total supply while ETH has not set a new all-time high, signaling perceived weakness; source: @ThinkingUSD. According to @ThinkingUSD, the author calls for ETH to move toward 1,000, marking a clear bearish target shared on Oct 30, 2025; source: @ThinkingUSD.

According to @ThinkingUSD, traders should avoid Tier-3 centralized exchanges due to heightened fund confiscation risk and instead route volume to Hyperliquid to align with crypto-first custody principles, source: @ThinkingUSD on X, Oct 30, 2025. @ThinkingUSD frames venue selection as a core risk management decision, urging traders to vote with their fees for platforms that uphold crypto ethos to reduce counterparty exposure, source: @ThinkingUSD on X, Oct 30, 2025.

According to @ThinkingUSD, HL’s approach spotlights that tokens with revenue but without allocating the majority to on-chain buybacks may offer weaker holder value. Source: X post by @ThinkingUSD, Oct 29, 2025. The post signals a potential rotation toward projects with verifiable, revenue-funded buyback programs, making the revenue-to-buyback ratio a key screen for traders. Source: X post by @ThinkingUSD, Oct 29, 2025. Actionably, traders can prioritize tokens with transparent wallet disclosures and on-chain proofs of buybacks, while applying a discount to tokens where cash flows accrue to treasury or teams instead of buybacks. Source: X post by @ThinkingUSD, Oct 29, 2025. This is an opinion and provides no audited figures, so verification of buyback execution and wallet provenance remains critical for risk management. Source: X post by @ThinkingUSD, Oct 29, 2025.

According to Flood, Hyperliquid’s 24/7 equity perpetuals recorded nearly $100 million in first-day 24h volume on the native front end, but activity was constrained by open interest caps that rose from $40 million to $50 million, limiting new positions and suppressing volume (source: Flood on X, Oct 27, 2025). Flood stated that by year-end, equity perps could match crypto perpetuals as a revenue driver on Hyperliquid and may ultimately trade tens of billions of dollars per day, with single-name stock perps potentially outpacing index products, a scenario Flood believes is not priced in (source: Flood on X, Oct 27, 2025). Flood added that retail now has a venue to trade liquid products across major assets around the clock, positioning Hyperliquid as an “everything exchange” for 24/7 markets (source: Flood on X, Oct 27, 2025).

According to @ThinkingUSD, a permissionless onchain central limit order book for equities is now offering 24/7 trading, including weekends, positioning it as a unique venue for global access to tokenized stocks, source: @ThinkingUSD on X, Oct 25, 2025. @ThinkingUSD states the capability is integrated into a native front end and anticipates a significant rerating of platform buybacks and fee revenue over the remainder of the year, source: @ThinkingUSD on X, Oct 25, 2025. @ThinkingUSD adds that he has repurchased his exposure, signaling his bullish view on revenue capture tied to this onchain equities market, source: @ThinkingUSD on X, Oct 25, 2025. Traders can monitor weekend liquidity, spreads, and onchain volumes on venues matching this description to validate fee accrual and any buyback activity that @ThinkingUSD expects, source: @ThinkingUSD on X, Oct 25, 2025.

According to @ThinkingUSD, Hyperliquid Strategies filed an S-1 seeking to raise up to 1 billion dollars for general corporate purposes, including potential purchases of HYPE tokens, as stated in a post dated Oct 22, 2025, source: @ThinkingUSD. According to @ThinkingUSD, the specified use of proceeds directly links any raised capital to possible HYPE market activity, making HYPE spot and derivatives liquidity, volume, and funding rates relevant trading metrics to monitor, source: @ThinkingUSD. According to @ThinkingUSD, traders should track price reaction, order book depth, and basis around any subsequent confirmations or filings to assess timing and scale of potential HYPE-related flows, source: @ThinkingUSD.

According to @ThinkingUSD, the bear case for crypto is that if participants find the stock market just as fun and slightly more fair, attention and capital could rotate from crypto to equities, pressuring crypto trading activity; the post explicitly name-checks Hyperliquid as context (source: @ThinkingUSD on X, Oct 22, 2025).

According to @ThinkingUSD, traders should use a contrarian timing rule: sell during phases when market discourse says fundamentals don’t matter and buy when participants start asking about fundamental value, mapping sentiment extremes to entries and exits. Source: @ThinkingUSD on X (Oct 17, 2025) He explicitly references Hyperliquid, indicating applicability for perp traders seeking to time risk-on and risk-off cycles based on shifts between narrative-driven euphoria and valuation-focused dialogue. Source: @ThinkingUSD on X (Oct 17, 2025) Practical application is to de-risk during fundamentals-don’t-matter euphoria and scale in when valuation questions rise on the venue mentioned, aligning position sizing and leverage accordingly. Source: @ThinkingUSD on X (Oct 17, 2025)

According to @ThinkingUSD, crypto market structure could change as users stop onramping via centralized exchanges (CEXs), highlighting Hyperliquid as an alternative venue (source: @ThinkingUSD on X, Oct 16, 2025). For traders, this implies monitoring onchain perpetual liquidity, order book depth, and funding on Hyperliquid versus major CEXs to gauge flow rotation risk and basis dislocations (source: @ThinkingUSD on X, Oct 16, 2025). Key near-term signals include shifts in 24h volume, open interest, and taker-to-maker ratios on Hyperliquid, plus net exchange inflows/outflows on CEXs as a proxy for onramp migration (source: @ThinkingUSD on X, Oct 16, 2025). If liquidity migrates, expect wider cross-venue spreads and funding divergence that can create arbitrage and slippage risks for BTC and ETH perps, making position sizing and venue selection critical (source: @ThinkingUSD on X, Oct 16, 2025).

According to @ThinkingUSD, Hyperliquid allegedly posts about USD 150 billion in daily volume that he characterizes as wash trading, roughly twice Binance’s average daily volume, and he further claims CZ has distanced himself from the platform (source: @ThinkingUSD on X, Oct 15, 2025). The post provides no third-party evidence, on-chain data, or audit references to substantiate these allegations (source: @ThinkingUSD on X, Oct 15, 2025). In light of the volume credibility concern raised, traders focused on derivatives execution may consider independently validating venue-reported liquidity, funding rates, and depth before sizing positions on Hyperliquid (source: @ThinkingUSD on X, Oct 15, 2025).

According to @ThinkingUSD on X on Oct 12, 2025, Binance allegedly offered non-ADL arrangements to certain counterparties, raising neutrality and fairness concerns for futures liquidation mechanics, source: @ThinkingUSD on X. Binance Support's Futures ADL Guide states that Auto-Deleveraging applies to all users when the insurance fund is insufficient, with priority based on leverage and unrealized PnL, and it does not publicly list any ADL exemptions, source: Binance Support Futures ADL Guide. Binance's VIP and Market Maker program materials describe fee rebates and higher API rate limits but do not disclose ADL waivers, a material factor for assessing counterparty and liquidation risk on BTCUSDT and ETHUSDT perpetuals, source: Binance Market Maker Program and Binance VIP Program pages. Regulatory filings have previously alleged preferential treatment for some clients, including notice of law enforcement inquiries, according to the U.S. CFTC complaint filed on Mar 27, 2023 and the U.S. Department of Justice press release on Binance's 2023 plea and compliance undertakings, source: CFTC v. Binance and U.S. DOJ press release. Traders can mitigate tail risk by monitoring the on-screen ADL indicator and insurance fund balances on Binance, diversifying exposure across venues, and using CME BTC and ETH futures for hedges as specified in CME Group product documentation, source: Binance Insurance Fund dashboard and CME Group product specs.

According to @ThinkingUSD, a post from @star_okx on X was framed as criticism of CZ and alleged support for fraudulent exchanges while undermining innovators upholding crypto principles, with the comment shared on Oct 11, 2025. Source: https://twitter.com/ThinkingUSD/status/1977146431980056762 https://x.com/star_okx/status/1977044514331353492 CZ refers to Changpeng Zhao, founder of Binance, while BNB is Binance’s native token and OKB is OKX’s exchange token, providing relevant context for traders assessing exchange-linked assets. Source: https://www.binance.com/en/about https://www.binance.com/en/bnb https://www.okx.com/okb

According to @ThinkingUSD, Ethereum is $2,000 too expensive at current levels, indicating a bearish valuation stance that traders may interpret as a negative sentiment signal for ETH. Source: @ThinkingUSD on X, Oct 11, 2025. The post does not include a timeframe, catalysts, or supporting metrics, limiting the guidance to a high-conviction valuation opinion rather than a defined trade setup. Source: @ThinkingUSD on X, Oct 11, 2025.

According to @ThinkingUSD, the trading venue you choose is as important as your trade decisions, with Hyperliquid identified as their preferred crypto derivatives exchange for execution and venue selection; source: @ThinkingUSD on X, Oct 11, 2025.

According to @ThinkingUSD, monitoring whale activity on Hyperliquid can deliver trading alpha because open financial systems make large flows visible to everyone. Source: @ThinkingUSD on X, Oct 10, 2025. @ThinkingUSD states that this kind of trading visibility was previously accessible only to insiders on Binance. Source: @ThinkingUSD on X, Oct 10, 2025. @ThinkingUSD adds that this shift is one reason CZ is upset, signaling a transfer of information edge from centralized venues to transparent platforms. Source: @ThinkingUSD on X, Oct 10, 2025. Trading takeaway: watch Hyperliquid whale flows for potential signals on positioning and liquidity to inform short-term crypto strategies. Source: @ThinkingUSD on X, Oct 10, 2025.

According to @ThinkingUSD, current backwardation in crypto perpetual swaps creates an opportunity to rotate from spot holdings into equivalent long perp positions to capture funding and basis while maintaining directional exposure. Source: @ThinkingUSD on X, Oct 10, 2025; Binance Academy, Perpetual Futures and Funding Rates; CME Group, Backwardation definition. The core trade is to sell spot and buy the same notional in perps trading below spot so you receive negative funding and potentially profit as the perp discount narrows toward spot. Source: Binance Academy, What Are Perpetual Futures and Funding Rates; CME Group, Understanding Backwardation. Traders should verify that the funding rate is negative and that the perp price is at a discount to spot before execution, and size with conservative leverage to reduce liquidation risk. Source: Binance Academy, Perpetual Futures Funding Rates and Liquidation. Execution costs and regime shifts can negate the edge, so monitor fees, slippage, and funding updates across high-liquidity markets such as BTC and ETH. Source: Binance Academy, Perpetual Futures Liquidity and Costs.