According to @EmberCN, a whale on Hyperliquid opened a combined $274 million in BTC and ETH long positions today. source: @EmberCN on X (Oct 24, 2025). The positions include $144 million in BTC longs at an entry price of $110,592. source: @EmberCN; Hyperbot trader dashboard hyperbot.network/trader/0xc2a30212a8ddac9e123944d6e29faddce994e5f2. The whale also opened $130 million in ETH longs at an entry price of $3,897. source: @EmberCN; Hyperbot trader dashboard hyperbot.network/trader/0xc2a30212a8ddac9e123944d6e29faddce994e5f2. Over the past 10 days, the same address executed 14 trades with a 100% win rate, realizing $12.5 million in profit. source: @EmberCN; Hyperbot trader dashboard hyperbot.network/trader/0xc2a30212a8ddac9e123944d6e29faddce994e5f2. The trader’s leverage is reportedly kept below 10x, indicating relatively conservative position sizing for perpetuals. source: @EmberCN.

According to @dydxfoundation, during the September Analyst Call the COO at the dYdX Foundation said competitive advantage in perpetual trading comes down to performance as on-chain derivatives competition intensifies, source: dYdX Foundation. The foundation highlighted Designated Proposers and an Order Entry Gateway as initiatives that will significantly reduce latency and improve block times on the protocol, source: dYdX Foundation. These upgrades aim to advance toward a CEX-quality experience while maintaining decentralization for its perpetual trading platform, source: dYdX Foundation. The protocol reported more than 1.4 trillion dollars in cumulative trading volume, underscoring its focus on scalability, resilience, and execution speed, source: dYdX Foundation.

According to @OnchainLens, Machi (@machibigbrother) received 200,000 dollars from QCP Capital and deposited 100,000 dollars on HyperLiquid to increase his ETH long position at 25x leverage. Source: Onchain Lens. According to @OnchainLens, the ETH position is currently valued at 10 million dollars, with the trader profile shown at hyperbot.network/trader/0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872. Source: Onchain Lens; hyperbot.network. According to @OnchainLens, this confirms a concentrated, highly leveraged whale exposure in ETH perpetual markets that traders can monitor via the referenced HyperLiquid dashboard for real-time position changes. Source: Onchain Lens; hyperbot.network. According to @OnchainLens, the report was posted on Oct 21, 2025, offering timely context for tracking ETH market microstructure around whale activity. Source: Onchain Lens.

According to @rovercrc, the founder of Solana has begun building a perpetual futures DEX on Solana named Percolator, positioning it as a native on-chain derivatives venue for the SOL ecosystem, source: Crypto Rover on X (Oct 20, 2025). The post did not provide a whitepaper, code repository, team details, or a launch timeline, limiting immediate verifiability and leaving rollout specifics unclear, source: Crypto Rover on X (Oct 20, 2025). For trading, monitor SOL spot and perp volumes, funding rates, and open interest for positioning shifts around this headline, as funding and OI are leading indicators of leveraged sentiment, source: Binance Academy (Funding Rate and Perpetual Futures explainer). If confirmed, native perps can materially lift on-chain activity and fees, as seen with GMX on Arbitrum and dYdX where derivatives protocols have ranked among top fee generators, source: Token Terminal historical fee dashboards; dYdX Foundation ecosystem statistics. Higher on-chain activity can increase Solana transaction counts and fee burn, which may be constructive for SOL if sustained by real usage rather than short-term speculation, source: Solana Docs (Transaction Fees and Burning; Fee Markets).

According to the source, $224 million in short positions were liquidated across crypto derivatives over the last 24 hours. source: source post on X Large short-liquidation spikes often occur alongside upward price momentum and can precede or extend short-squeeze dynamics; traders typically confirm with independent dashboards before acting. source: Coinglass; Laevitas Post-liquidation, watch for funding rates rising toward or above positive territory and a drop in open interest as shorts are flushed, which can support continuation if spot demand persists. source: Glassnode Academy; Binance Research Also monitor perp-spot basis and term structure; elevated positive basis with declining open interest can flag squeeze exhaustion risk, while rising open interest with positive funding may indicate fresh long leverage entering. source: Deribit Insights; CME Group Education Execution focus: avoid chasing thin liquidity after one-sided liquidations, track liquidation heatmaps for liquidity pockets, and size down leverage until volatility normalizes. source: Kaiko Research; Binance Academy

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 @lookonchain, traders @JamesWynnReal and @machibigbrother were liquidated during the latest crypto market crash, with Hyperliquid trade history pages for addresses 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 provided as evidence. Source: https://twitter.com/lookonchain/status/1979091694609142124; https://app.hyperliquid.xyz/tradeHistory/0x020ca66c30bec2c4fe3861a94e4db4a498a35872; https://app.hyperliquid.xyz/tradeHistory/0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 According to @lookonchain, the author characterizes both traders as persistently long-biased and repeatedly wiped out, framing these liquidations as part of a recurring pattern observable via the shared Hyperliquid trade history links. Source: https://twitter.com/lookonchain/status/1979091694609142124; https://app.hyperliquid.xyz/tradeHistory/0x020ca66c30bec2c4fe3861a94e4db4a498a35872; https://app.hyperliquid.xyz/tradeHistory/0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 According to @lookonchain, traders can independently verify the liquidation activity by reviewing the referenced Hyperliquid trade history pages tied to the two addresses. Source: https://twitter.com/lookonchain/status/1979091694609142124; https://app.hyperliquid.xyz/tradeHistory/0x020ca66c30bec2c4fe3861a94e4db4a498a35872; https://app.hyperliquid.xyz/tradeHistory/0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6

According to @OnchainLens, both Machi and James were partially liquidated during the market drop, with a 25x long on ETH and a 10x long on PEPE respectively, corroborated by CoinMarketMan Hypertracker for wallets 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6, source: Onchain Lens on X and CoinMarketMan Hypertracker. Liquidation mechanics in crypto derivatives force position reductions when margin falls below maintenance levels, which can add sell pressure and intensify short-term volatility, source: Binance Academy. Traders commonly monitor ETH and PEPE perpetual metrics such as funding rates, open interest, and liquidation levels to gauge squeeze and cascade risk during drawdowns, source: Binance Futures education.

According to @lookonchain, James Wynn reopened a 10x long on PEPE after a complete liquidation and was partially liquidated less than 6 hours later, leaving a remaining 39.2M kPEPE position valued at $271K, source: @lookonchain. The back-to-back liquidation events on a 10x PEPE long highlight the high liquidation sensitivity of leveraged PEPE perps to adverse intraday moves, source: @lookonchain. The reported $271K open position indicates ongoing exposure on kPEPE perps that can be subject to additional liquidation if maintenance margin is breached, source: @lookonchain.

According to @OnchainLens, after a complete liquidation on a prior PEPE long, the same trader reopened a PEPE long with 10x leverage and was partially liquidated again, with activity tied to address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 as shown on Hypurrscan on Oct 17, 2025. Source: @OnchainLens on X; Hypurrscan. For trading purposes, this confirmed on-chain liquidation sequence provides a concrete reference point of leveraged stress for that address in PEPE markets and can be monitored by traders assessing short-term risk and liquidity around PEPE perps. Source: @OnchainLens on X; Hypurrscan.

According to @lookonchain, a sudden market dip wiped all positions of @JamesWynnReal and partially liquidated @machibigbrother on Hyperliquid; source: @lookonchain on X, Oct 16, 2025. @lookonchain reports that @machibigbrother has lost over $53M on Hyperliquid in the past month; source: @lookonchain on X, Oct 16, 2025. Hyperdash trader pages for 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 and 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 display positions and PnL referenced in the report; source: hyperdash.info/trader/0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 and hyperdash.info/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. Traders seeking real-time account metrics during volatility can reference these dashboards for monitoring liquidation and PnL data on Hyperliquid perps; source: hyperdash.info.

According to @ai_9684xtpa, a new address 0xc2a...4E5f2 deposited 10,000,000 USDC to Hyperliquid about 50 minutes before opening a BTC 5x short totaling 1,240 BTC (~$140M) with an entry of $112,598 and a liquidation price of $137,695.1, sources: @ai_9684xtpa; hyperbot.network/trader/0xc2a30212a8DdAc9e123944d6e29FADdCe994E5f2. The address was created three days ago and reportedly withdrew the margin from Crypto.com roughly 10 hours prior to the deposit, source: @ai_9684xtpa. The account also holds approximately $21.98M worth of ETH said to be transferred by Hyperunit, source: @ai_9684xtpa. Based on a 5x short of 1,240 BTC at ~$112,598, notional is about $140M and implied initial margin is ~20% (~$28M), which broadly aligns with the reported 10M USDC plus ~$21.98M in ETH, source: calculation from @ai_9684xtpa figures. For trading context, the reported liquidation at $137,695.1 sits roughly 22% above the stated entry, providing a clear invalidation level for the short exposure, source: @ai_9684xtpa; calculation from reported figures. Live position details and updates are visible on the Hyperliquid explorer page, source: hyperbot.network/trader/0xc2a30212a8DdAc9e123944d6e29FADdCe994E5f2.

According to @52kskew, BTC retraced as US–China trade war headlines resurfaced, with the spot market trading defensively after a bounce toward $116K and subsequent consolidation; source: @52kskew on X, Oct 14, 2025. According to @52kskew, spot CVD declined alongside supply, indicating risk is not being held by buyers; source: @52kskew on X, Oct 14, 2025. According to @52kskew, ask-side depth is notable while perpetual futures activity remains subdued and funding stays negative, reflecting limited margin appetite; source: @52kskew on X, Oct 14, 2025. According to @52kskew, traders should monitor developing bid depth for confirmation before expecting a directional trend; source: @52kskew on X, Oct 14, 2025.

According to the source, Marco Margiotta, CEO of House of Doge, discussed the company’s Nasdaq debut in a video interview posted on X on Oct 13, 2025, signaling a pending U.S. equity listing for the Dogecoin-linked corporate entity (Source: public X post dated Oct 13, 2025). The post does not disclose a ticker, listing date, or offering size, so key event-timing and liquidity parameters remain unconfirmed for traders (Source: same public X post). Given the prospective listing, traders should monitor DOGE spot and perpetuals for headline-driven volatility during U.S. market hours and set alerts for funding rate shifts and open interest changes as details emerge (Source: public X post indicating a planned Nasdaq debut).

According to @ki_young_ju, a long flush deleveraged the crypto market, indicating a broad reduction in leveraged long exposure across derivatives. Source: @ki_young_ju, Twitter, Oct 13, 2025. In trading terms, deleveraging reflects a reset in leverage conditions, so monitoring funding rates, open interest, and liquidation metrics on BTC and ETH perpetuals helps assess when risk is rebuilding. Source: @ki_young_ju, Twitter, Oct 13, 2025.

According to @tradeparadex, Paradex has listed BAT with the BAT-USD perpetual contract now live for trading with zero fees; source: Paradex on X, Oct 13, 2025. The official trading link provided is app.paradex.trade/trade/BAT-USD-PERP, denoting the market as BAT-USD-PERP; source: Paradex on X, Oct 13, 2025.

According to @rovercrc, funding rates across crypto have fallen to their lowest levels since the 2022 crash and he views this as massively bullish for market direction (source: @rovercrc on X, Oct 13, 2025). Funding rates are periodic payments between longs and shorts in perpetual futures that reflect the contract’s premium or discount to spot; sustained low or negative readings indicate reduced long leverage or net short positioning and are widely used by derivatives traders to gauge leverage imbalances (source: Binance Futures funding rate documentation).

According to @tradeparadex, Paradex has listed ATOM-USD perpetual futures (ATOM) and trading is live now with zero fees. Source: Paradex (@tradeparadex) on X, Oct 12, 2025. The announcement provides the direct trading link app.paradex.trade/trade/ATOM-USD-PERP for ATOM perps and does not include further details such as fee duration or liquidity incentives. Source: Paradex (@tradeparadex) on X, Oct 12, 2025.

According to @JasonSoraVC, trading perpetual futures and altcoins amounts to gambling rather than investing, elevating risk during volatility for retail traders (source: @JasonSoraVC on X, Oct 12, 2025). According to @JasonSoraVC, exchanges are the biggest winners in every major crypto market crash, not the traders (source: @JasonSoraVC on X, Oct 12, 2025). According to @JasonSoraVC, the actionable takeaway is to avoid high-risk perp and altcoin speculation and shift toward an investment approach instead of short-term bets (source: @JasonSoraVC on X, Oct 12, 2025). For trade planning, this viewpoint supports reducing leverage, tightening position sizing, and focusing on longer-horizon exposure to preserve capital in drawdowns (source: @JasonSoraVC on X, Oct 12, 2025).

According to @52kskew, the latest move in crypto was an unprecedented liquidity crunch and flash crash, comparable in severity to post‑COVID dislocations that took time to normalize, source: @52kskew, X, Oct 11, 2025. The author states that during COVID-era stress, BitMEX was hit the hardest as the dominant perpetual futures venue at the time, source: @52kskew, X, Oct 11, 2025. In the current episode, Binance absorbed the most impact, with HL almost affected as well due to reliance on the same external liquidity provider or market maker, highlighting concentrated third‑party risk across venues, source: @52kskew, X, Oct 11, 2025.