According to @milesdeutscher, only use perps when you need capital efficiency or when you are hedging or farming; otherwise, stick to spot for cleaner carry. Source: @milesdeutscher on X, Sep 29, 2025. He warns that if you plan to hold a position for more than a week, especially a consensus trade, funding will erode returns on perps, making spot more cost-effective for swing holds. Source: @milesdeutscher on X, Sep 29, 2025. He adds that roughly 90% of perp setups should be long continuation or strength trades, highlighting how perps fit best with momentum rather than slow, crowded swings. Source: @milesdeutscher on X, Sep 29, 2025. He emphasizes spot’s no-liquidation benefit, noting it’s easier to sleep at night versus the liquidation risk embedded in leveraged perps; he is not anti-perps, but says they require a real edge and should not replace spot without a good reason. Source: @milesdeutscher on X, Sep 29, 2025.

According to @OnchainLens, Ogle (@cryptogle), an advisor at @worldlibertyfi, has reopened a $ASTER long position with 3x leverage tied to address 0x70F65a050DDf1AF785cABe1dC658809851003699 on the Hyperdash trader page, source: @OnchainLens; Hyperdash trader page. The same trader previously realized $746,703 profit on a $ASTER trade in 15 hours and 40 minutes, as reported by @OnchainLens and visible in the Hyperdash performance history, source: @OnchainLens; Hyperdash trader page. A 3x long magnifies price exposure roughly threefold relative to spot, implying proportionally larger PnL swings and liquidation risk for $ASTER per standard derivatives mechanics, source: Binance Futures documentation; @OnchainLens for position details.

According to @0xRyze, he was liquidated on an ETH long last week and is closely watching the upcoming Monad mainnet, highlighting personal leverage risk and event focus from a market participant’s perspective; source: @0xRyze on X. The post underscores stress among leveraged ETH traders and attention to a potential Monad mainnet timeline as a point of concern for positioning; source: @0xRyze on X.

According to the source post on X dated Sep 20, 2025, a single whale opened six crypto perpetual futures positions worth about 101 million dollars, mostly short, showing an unrealized PnL near minus 2.6 million at the time of the post. Source: X post dated Sep 20, 2025. Large clustered short perpetual positions of this size can intensify short-squeeze dynamics if prices rise and shorts are forced to cover, which can accelerate upside via liquidations. Source: CME Group education on short squeezes and Investopedia. Traders should monitor funding rates, open interest, and liquidation clusters to gauge whether positioning is crowded and vulnerable to a squeeze around such whale activity. Source: Binance Research primer on perpetual swaps and CFA Institute derivatives overview. High notional short exposure is associated with more volatile basis and funding, so tighter stops and lower leverage around potential inflection points are standard derivatives risk practices. Source: Binance Futures risk guidelines and CFA Institute.

According to @0xRyze, new crypto “games” and metas drive status and capital rotation, with perps as the leading financial innovation and DeFi’s prior pool2 phase as a precedent, so traders should proactively watch for the next meta and its early distribution channels such as TikTok and offline fads like pickleball (source: @0xRyze on X, Aug 16, 2025). This view aligns with market structure data showing derivatives consistently dominate exchange activity, making perp-specific metrics critical for timing rotations (source: CCData 2024 derivatives market reviews). Actionable signals include: funding rate inflections that flag one‑sided positioning and potential reversals (source: Binance Academy, Funding Rate explainer); open interest momentum and OI relative to market cap to confirm trend strength and leverage build‑up (source: CME Group education, Futures and OI basics; Binance Academy, Open Interest); rising perp versus spot volume share and basis as leverage intensifies into a new narrative (source: CCData 2024 derivatives share analyses); DeFi TVL spikes and incentive/emission schedules that typically accompany new protocol “games,” echoing the pool2 era (source: DefiLlama aggregated TVL data); social momentum and creator adoption velocity on platforms like TikTok as early distribution vectors for emerging metas (source: @0xRyze on X, Aug 16, 2025).

According to @KookCapitalLLC, BONK generated roughly $50,000 in revenue over the last 24 hours, highlighting a notable short-term uptick in activity that traders may track for near-term setups (source: @KookCapitalLLC on X, Aug 12, 2025). For trading strategy alignment, revenue jolts are commonly treated as usage signals that can coincide with momentum and liquidity shifts in related spot and perpetual pairs; momentum effects in liquid markets are well documented and often adapted by crypto traders to fundamentals-driven catalysts (source: Jegadeesh and Titman, 1993; Moskowitz, Ooi, and Pedersen, 2012). Execution-wise, traders can monitor BONK/USDT spot and perp volume, funding rates, and order book depth around the announcement window to confirm participation and manage risk, emphasizing objective triggers over headline-only trades (source: Binance Academy, What Is Volume; Funding Rate Explained).