According to @milesdeutscher, he asked his X audience on Nov 22, 2025 whether they are long-term bullish on BTC. Source: X post by @milesdeutscher dated Nov 22, 2025. Peer-reviewed research finds that social media attention and sentiment are associated with short-term Bitcoin returns and volatility, making such audience checks relevant to traders. Source: Garcia et al., Journal of the Royal Society Interface 2014; Kristoufek, Scientific Reports 2013; Matta et al., Royal Society Open Science 2015. Traders operationalize this by tracking engagement alongside shifts in BTC funding rates, perpetual futures basis, and open interest to validate or fade sentiment signals. Source: Binance Research, Perpetual Futures and Funding Rates Explained 2023; CME Group, Understanding Futures Basis 2021; Glassnode Insights on futures and open interest 2021. Heightened bullish attention has historically coincided with increased realized volatility in crypto markets, suggesting tighter risk controls around entries and sizing. Source: Garcia et al., Journal of the Royal Society Interface 2014; Matta et al., Royal Society Open Science 2015.

According to @ai_9684xtpa, $SLERF displayed a 4.6x spread with Binance perps peaking at $0.43, OKX spot at $0.39, and on-chain pricing near $0.09167, flagging extreme basis and index divergence risk, source: @ai_9684xtpa on X (Oct 18, 2025). The author reports SLERF is undergoing a contract swap, prompting multiple exchanges to pause spot trading, leaving Binance perps to reference OKX spot primarily, source: @ai_9684xtpa. With OKX deposits for SLERF paused, spot liquidity became a shallow pool easier to move, while on-chain depth stayed heavy, explaining the price gap, source: @ai_9684xtpa. The author warns that if Binance revises its index to include on-chain pricing, the perp price could drop sharply, and this setup differs from prior cases like “羊驼/MYX,” source: @ai_9684xtpa. Trading takeaway: monitor Binance index constituents and OKX deposit status, and be cautious with high-premium longs due to potential swift index-driven repricing, source: @ai_9684xtpa.