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.

According to @ThinkingUSD, Hyperliquid’s HLP recorded a +$41,500,000 day with a 10% yield on cash in a single day, indicating an exceptional daily return for the LP pool — source: @ThinkingUSD on X, Oct 10, 2025. The source specifies HLP on Hyperliquid but provides no additional breakdown on methodology, market contributors, or time-window granularity beyond “one day,” which limits further quant analysis directly from the post — source: @ThinkingUSD on X, Oct 10, 2025. For trading focus, participants monitoring Hyperliquid may evaluate HLP exposure, venue liquidity, funding dynamics, and open interest given the reported LP outperformance to guide risk sizing and execution timing — source: @ThinkingUSD on X, Oct 10, 2025.

According to @ThinkingUSD, generalized L1/L2 chains "do not work" and winning applications will launch their own chains, post state to a main blockchain, and "give nothing in exchange" (source: @ThinkingUSD on X, Sep 25, 2025). For traders, this thesis signals potential relative downside for generalized L1/L2 tokens and potential upside for app-specific chains and app-native tokens if value accrual shifts to the application layer (source: @ThinkingUSD). Positioning could favor monitoring capital flows toward apps rolling their own chains and away from broad generalized chain betas to guide rotation and hedging decisions (source: @ThinkingUSD).

According to @ThinkingUSD, if US brokerages begin accepting stablecoin deposits, it would change the entire market, source: @ThinkingUSD. According to @ThinkingUSD, on/off ramping from New York is especially difficult and the author states they cannot use Robinhood from New York, source: @ThinkingUSD. According to @ThinkingUSD, these constraints highlight funding and settlement frictions that affect capital deployment and access to liquidity for traders operating under New York conditions, source: @ThinkingUSD.

According to @ThinkingUSD, he no longer has any association with InsilicoTrading and directed any business matters to those still at the company, marking a clear organizational separation (source: https://twitter.com/ThinkingUSD/status/1966600368273359037). He stated he will be focusing full time on bringing Multi Asset Margin to Hyperliquid through @fullstack_trade, indicating active development attention on Hyperliquid’s multi-asset margin framework for traders (source: https://twitter.com/ThinkingUSD/status/1966600368273359037).

According to @ThinkingUSD, he no longer has any association with InsilicoTrading, and all business matters should be directed to the remaining company members, source: @ThinkingUSD on X, Sep 12, 2025. According to @ThinkingUSD, he will focus full time on bringing Multi Asset Margin to Hyperliquid through fullstack_trade, source: @ThinkingUSD on X, Sep 12, 2025. According to @ThinkingUSD, traders seeking updates on this feature should monitor communications from fullstack_trade and Hyperliquid as indicated by his announcement, source: @ThinkingUSD on X, Sep 12, 2025.

According to @ThinkingUSD, when people start congratulating you on a trade, it is time to close the position, providing a contrarian profit-taking signal based on social sentiment, source: @ThinkingUSD on X, Sep 12, 2025. He thanked Flowdesk for the quotes and execution on the trade, source: @ThinkingUSD on X, Sep 12, 2025. He added that all it takes is one trade to change your life, highlighting the focus on decisive entries and exits, source: @ThinkingUSD on X, Sep 12, 2025. For traders, the actionable takeaway is to exit into euphoria when social feedback spikes to lock in gains, source: @ThinkingUSD on X, Sep 12, 2025.

According to @ThinkingUSD, traders who previously ignored Hyperliquid are now seeking access because they believe they can make money, indicating a shift in attention toward the venue, source: @ThinkingUSD on X on Sep 8, 2025. @ThinkingUSD also states that Hyperliquid is open for all and that more transparent financial systems are a net good for the world, source: @ThinkingUSD on X on Sep 8, 2025.

According to @ThinkingUSD, Hyperliquid is above $50, with the author characterizing this level as one where "they let you do anything," indicating a notable threshold referenced by market participants, source: Flood (@ThinkingUSD) on X, Sep 8, 2025. Traders can mark $50 as a cited level from the source for alerting and risk calibration around Hyperliquid exposure, source: Flood (@ThinkingUSD) on X, Sep 8, 2025. No additional context on volume, funding, or liquidity was provided in the source, source: Flood (@ThinkingUSD) on X, Sep 8, 2025.

According to @ThinkingUSD, Hyperliquid is pushing a Trifecta strategy to dominate perpetual futures, dominate spot markets, and own a native stablecoin, highlighting a vertically integrated venue focus for traders. source: @ThinkingUSD on X According to @ThinkingUSD, the post frames these three pillars as the key areas to watch on Hyperliquid from a trading perspective. source: @ThinkingUSD on X

According to @ThinkingUSD, ETHBTC is expected to keep trending lower, which implies BTC outperforming ETH on the cross pair. source: @ThinkingUSD on X, Sep 2, 2025; source: Binance Academy, What Are Crypto Trading Pairs For execution, traders can express a bearish ETHBTC view via relative-value positioning using perpetual futures while checking funding rates, order book depth, and fees before entry. source: Binance Academy, Perpetual Futures Funding Rate Explained; source: Hyperliquid documentation, Perpetual Markets and Fees The post explicitly mentions Hyperliquid as the preferred venue but provides no price levels or timeframe, so the signal is directional sentiment rather than a full setup. source: @ThinkingUSD on X, Sep 2, 2025

According to @ThinkingUSD, some self-described pro-crypto participants rely on centralized products and seek government recourse when portfolio companies lose, highlighting a sentiment-driven critique of centralization in the crypto ecosystem, source: Twitter post by @ThinkingUSD on Aug 31, 2025, https://twitter.com/ThinkingUSD/status/1961942497946374645. The post provides no market data or trade setup, serving as a sentiment signal rather than actionable price information, source: Twitter post by @ThinkingUSD on Aug 31, 2025, https://twitter.com/ThinkingUSD/status/1961942497946374645.

According to @ThinkingUSD, billions of dollars of Bitcoin (BTC) are being traded permissionlessly on a fully on-chain central limit order book (CLOB), signaling live high-notional BTC activity on decentralized infrastructure, source: @ThinkingUSD on X, Aug 24, 2025. The post does not identify the venue, transaction data, or time window for the stated volume, limiting immediate independent verification, source: @ThinkingUSD on X, Aug 24, 2025. For trading context, the claim highlights that significant BTC order flow may be occurring on-chain rather than only on centralized exchanges, but no corroborating details were provided in the post, source: @ThinkingUSD on X, Aug 24, 2025.

According to @ThinkingUSD, Ethereum (ETH) “swapped a Russian for a Korean” and doubled in a month, implying a rotation in dominant buyer flow and explicitly naming Hyperliquid as a venue to watch, source: @ThinkingUSD on X, Aug 22, 2025. For trading, the post signals to verify whether Korean-driven demand and ETH perpetual activity on Hyperliquid are leading the move before positioning, focusing on ETH spot momentum, any ETH-KRW premium on local exchanges, and funding rates/open interest on Hyperliquid, source: @ThinkingUSD on X, Aug 22, 2025.

According to @ThinkingUSD, another dinner for developers, builders, and traders interested in Hyperliquid is scheduled on the 28th. Source: @ThinkingUSD on X, Aug 21, 2025. The post states "If you don't get in no stress," noting a second dinner is arranged and includes an RSVP link. Source: @ThinkingUSD on X, Aug 21, 2025. No location, time, agenda, listings, or price-related updates were disclosed in the announcement. Source: @ThinkingUSD on X, Aug 21, 2025.