BitMEX closes 23 September 2026 after 11 years, users withdraw assets following Biden-era regulatory pressure on founders.

According to @OnchainDataNerd, Abraxas Capital began closing its $HYPE short position about an hour ago. According to @OnchainDataNerd, the address shows roughly $9.07M in unrealized profit across all short positions while funding fee gains total about $39.73M. According to @OnchainDataNerd, this highlights a funding-fee harvesting strategy, and the wallet address link was provided by the source.

According to @EmberCN, an aggressive rolling trader added a 510 BTC short position during the 7:00 market drop, lifting total short exposure to about USD 200 million (source: @EmberCN on X, Jan 20, 2026). The trader’s BTC short sits just USD 1,600 from liquidation and the ETH short is USD 56 from liquidation, per the disclosed figures (source: @EmberCN on X, Jan 20, 2026). One detailed leg shows a 1,073 BTC short of roughly USD 100 million with an entry price of USD 92,469, as posted by the source (source: @EmberCN on X, Jan 20, 2026). Based on the stated liquidation distances, an upside move of about USD 1,600 in BTC or USD 56 in ETH would reach the liquidation levels on these positions (source: @EmberCN on X, Jan 20, 2026).

According to @HenriArslanian, perpetual swaps are crypto derivatives with no expiry that stay open until closed and are designed to track spot via a mark price, source: @HenriArslanian on X, Jan 16, 2026. The video explains that funding rates are periodic payments between longs and shorts that help align the perpetual contract price with spot, affecting carry costs and trader positioning, source: @HenriArslanian on X, Jan 16, 2026. It also covers that leverage can amplify returns but increases liquidation risk because margin is marked against a reference price and positions are closed automatically if maintenance margin is breached, source: @HenriArslanian on X, Jan 16, 2026. The content highlights trading use cases such as hedging spot exposure and executing basis strategies that seek to capture funding or price differentials between perps and spot, source: @HenriArslanian on X, Jan 16, 2026. Key trading takeaways include monitoring funding trends, liquidity, and margin requirements to control costs and reduce forced liquidation risk when using perpetual swaps, source: @HenriArslanian on X, Jan 16, 2026.

According to @AveryChing, regulated Aptos (APT) futures are now available to U.S. traders on Bitnomial, providing on-exchange APT price exposure within a U.S. regulated venue; source: @AveryChing on X, Jan 15, 2026. He also stated that APT perpetual swaps, options, and ETFs are planned to follow; source: @AveryChing on X, Jan 15, 2026.

According to @OnchainLens, the Bitcoin OG account’s current long exposure shows an unrealized loss of over $9M amid the ongoing market decline (source: @OnchainLens on X, Jan 10, 2026; source: hyperbot.network trader page linked by @OnchainLens). According to @OnchainLens, the account has also paid approximately $5.56M in funding fees, indicating significant carry costs for long perpetual positions during this drawdown (source: @OnchainLens on X, Jan 10, 2026). According to @OnchainLens, the BTC and ETH legs are in loss while the SOL position remains profitable, highlighting cross-asset divergence within the account’s book (source: @OnchainLens on X, Jan 10, 2026).

According to Kashif Raza, 50.65 billion crypto perpetual trades were executed, a 33% increase versus last year and nearly 3x growth since 2022, underscoring his point that volume shows activity while trades show intent, source: Kashif Raza on X, Dec 23, 2025. The stated 33% year-over-year rise implies last year’s trade count was roughly 38.1 billion (50.65 ÷ 1.33), derived from the same source figures, source: Kashif Raza on X, Dec 23, 2025.

According to @glassnode, XRP futures open interest fell from 1.7B XRP in early October to 0.7B XRP, a roughly 59% flush-out, indicating a material reduction in leveraged positioning, source: X post Nov 30, 2025 x.com/glassnode/status/1995162821039124553 and Glassnode data glassno.de/4pwZ0Cw. The 7-day SMA funding rate declined from about 0.01% to 0.001%, with October 10 marking a structural pause in speculators’ willingness to bet aggressively on upside, source: @glassnode via X x.com/glassnode/status/1995162821039124553 and Glassnode data glassno.de/4pwZ0Cw.

According to @dydxfoundation, the community approved setting the default funding rate to 0 for TAO-USD, TRUMP-USD, USUAL-USD, WLFI-USD, XMR-USD, XPL-USD, ZEC-USD and ZEN-USD perpetual markets on dYdX, Source: dYdX Foundation on X, Nov 19, 2025; Mintscan Proposal 317. Traders can verify the approved parameter change via the governance record to inform funding and basis checks for these instruments, Source: Mintscan Proposal 317; dYdX Foundation on X, Nov 19, 2025.

According to @ki_young_ju, the post flags the Bitcoin futures market right now but shares no quantitative metrics such as funding rate, open interest, basis, or liquidations, so the post alone does not provide a directional signal or volatility gauge for BTC derivatives. Source: @ki_young_ju on X, Nov 11, 2025. Because no figures were disclosed, independent verification of key indicators like BTC futures funding rate, open interest, and perpetual swaps basis is required before adjusting positioning or leverage. Source: @ki_young_ju on X, Nov 11, 2025. The market impact cannot be quantified from the provided content, and there is no mention of spot BTC flows or ETF-related derivatives basis in the post. Source: @ki_young_ju on X, Nov 11, 2025.

According to @52kskew, heavy TradFi-linked selling since CME BTC futures opened Sunday has flipped $105K from a prior bid zone into sell-side resistance with asks capping price, indicating institutions turned net sellers, source: @52kskew. Perpetual swaps show increasingly net short positioning and persistent negative delta while spot-driven selling hammers price; the Coinbase discount has deepened, reinforcing U.S. spot-led pressure, source: @52kskew. The market is hedged for further downside, but $100K is a key level; failure by sellers to push below could trigger a large short-covering rally, source: @52kskew.