According to @tradeparadex, Zero Fee Perps are live on Mainnet, giving retail traders $0 maker and taker fees on 100+ perpetual futures, with the only remaining frictions being spread and funding rates, and the policy is always-on rather than a capped promotion. Source: Paradex Network (@tradeparadex), X, Sep 16, 2025. According to @tradeparadex, Paradex monetizes via Retail Price Improvement (RPI) where professional market makers post RPI-flagged orders that only match retail taker flow; makers pay a 0.5 bps fee on RPI fills while high-frequency API takers pay 2 bps, with a roadmap to toxicity-based fees. Source: Paradex Network (@tradeparadex), X, Sep 16, 2025. According to @tradeparadex, the platform claims RPI reduces toxicity, enabling tighter spreads and larger size, and asserts it beats top exchanges about 96% of the time on majors for $100k orders after fees, with real-time execution metrics available via the Paradex Liquidity Monitor at paradex.trade/liquidity. Source: Paradex Network (@tradeparadex), X, Sep 16, 2025. According to @tradeparadex, orders are not selectively routed; all makers compete on an even playing field for retail flow with best price and size winning, drawing an analogy to TradFi PFOF but with open competition. Source: Paradex Network (@tradeparadex), X, Sep 16, 2025. According to @tradeparadex, Paradex is removing affiliate-driven distribution fees by eliminating custody middlemen and introducing a new affiliate model that grants creators explicit token allocations, targeting better economics and trust while keeping retail trading fees at zero. Source: Paradex Network (@tradeparadex), X, Sep 16, 2025.

According to Onchain Lens, James Wynn was liquidated again on a 10x long position in $HYPE, indicating a forced closure due to margin breach. Source: Onchain Lens on X, Sep 16, 2025. The alert references a Hyperdash trader dashboard for address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 that Onchain Lens cites as evidence of the liquidation event. Source: Hyperdash trader dashboard. In crypto derivatives, 10x leveraged longs are automatically closed when maintenance margin is not met, which can add short-term selling pressure during liquidations. Source: Binance Futures liquidation guide; Bybit liquidation mechanics. For trading, repeated wallet liquidations around $HYPE signal leverage-sensitive conditions where liquidation events can accelerate intraday volatility; monitoring funding, open interest, and liquidation levels is critical in such environments. Source: Glassnode research on derivatives liquidation dynamics; Deribit risk management insights.

According to @OnchainLens, a newly created wallet deposited 5M USDC into HyperLiquid and opened a 3x leveraged short position on XPL; source: Onchain Lens on X, Sep 15, 2025, and hypurrscan.io/address/0xd6bffA48d993740BbbDE2E3834724c5BAf88fA4e.

According to @EmberCN, the Hyperliquid account named btc@tuta.com holds the largest PUMP short and is showing an unrealized loss of about $35 million. source: @EmberCN; https://hyperbot.network/trader/0x880ac484a1743862989A441D6d867238c7AA311C According to @EmberCN, the trader is short 8.56 billion PUMP at 5x leverage with a position value of $64 million and an average entry of $0.00338, while the current PUMP price has more than doubled from that entry. source: @EmberCN; https://hyperbot.network/trader/0x880ac484a1743862989A441D6d867238c7AA311C According to @EmberCN, the same account also holds multiple other short positions mainly in SOL and LINK, bringing total unrealized losses to roughly $44.1 million. source: @EmberCN; https://hyperbot.network/trader/0x880ac484a1743862989A441D6d867238c7AA311C

According to @AveryChing, general-purpose L1/L2/L3 chains with generic VMs constrain spot and perpetual DEXs via gas limits, inefficient liquidations, and the inability to order transactions needed for tighter spreads, resulting in a limited trading experience. Source: @AveryChing on X, Sep 13, 2025 https://twitter.com/AveryChing/status/1966952892461678829 According to @AveryChing, Aptos MoveVM is positioned as a trading-optimized VM with native trading operations, native trading storage, and native SDKs/APIs to holistically address these bottlenecks. Source: @AveryChing on X, Sep 13, 2025 https://twitter.com/AveryChing/status/1966952892461678829 According to @AveryChing, enabling transaction ordering and more efficient liquidations aims to support tighter spreads for DEXs built on Aptos. Source: @AveryChing on X, Sep 13, 2025 https://twitter.com/AveryChing/status/1966952892461678829 According to @AveryChing, centralized exchanges generate over $50B in annual revenue, and he argues the DEX market will grow larger due to faster listings, broader access, and composability. Source: @AveryChing on X, Sep 13, 2025 https://twitter.com/AveryChing/status/1966952892461678829

According to @tradeparadex, Paradex has listed AVNT and the AVNT-USD-PERP market is live for trading, source: Paradex Network on X, Sep 13, 2025. The announcement directs traders to app.paradex.trade/trade/AVNT-USD-PERP to access the AVNT-USD perpetual contract on Paradex, source: Paradex Network on X, Sep 13, 2025.

According to @phantom, Phantom Perps has reached $10B in trading volume, with the announcement explicitly highlighting HYPERLIQUID; source: @phantom on X (Sep 12, 2025).

According to @ReetikaTrades, the current bull market’s Crypto Twitter feed has shifted from displays of wealth to pervasive macro doom, political takes, and top calls, indicating a more cautious social sentiment than the previous cycle. Source: X post by @ReetikaTrades dated Sep 11, 2025. For trading, measure risk-off positioning via funding rates on BTC and ETH perpetuals; declining or negative rates indicate shorts paying to hold or reduced long demand. Source: Binance Futures documentation on funding rates. Use this social sentiment read alongside on-chain realized profit and loss and the Crypto Fear and Greed Index for confirmation before adjusting exposure. Sources: Glassnode Academy on realized PnL; Alternative.me Crypto Fear and Greed Index methodology.

According to @tradeparadex, Paradex has listed the LINEA-USD-PERP market, making $LINEA perpetual futures live for trading now; official trading link: app.paradex.trade/trade/LINEA-USD-PERP, source: Paradex Network on X dated Sep 10, 2025. The contract code indicates USD-quoted perpetual exposure to LINEA under the symbol $LINEA, source: @tradeparadex on X on Sep 10, 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 @gametheorizing on X (Sep 8, 2025), around $200M in open interest on Binance is tied up in $MYX perpetuals paying negative funding while the token trades near a $10B fully diluted valuation and roughly $9B in daily volume. According to @gametheorizing, Binance earned tens of millions in fees from this flow while customers lost more, with similar but smaller dynamics on Bybit. According to @gametheorizing, $MYX lacks Tier 1 or Tier 2 spot listings, indicating thin spot liquidity and making perps structurally unsound when spot markets are shallow. According to @gametheorizing, traders should be cautious of concentrated OI, sustained negative funding, high FDV relative to limited spot depth, and fee drag when engaging in such perp markets.

According to @52kskew, BTC saw $112.2K ask liquidity pulled while sizable asks attempted to cap price on both spot and perpetual futures (source: @52kskew on X, Sep 8, 2025). The author also reports pre-market TWAP selling into price (source: @52kskew on X, Sep 8, 2025). The author suggests a $110K buyer is probably realizing some profit (source: @52kskew on X, Sep 8, 2025).

According to @52kskew, BTC saw an early-week bounce with partial recovery of Friday’s downside as $110K support was heavily defended, evidenced by seller absorption with spot CVD declining while limit bid liquidity increased; source: @52kskew. Limit buyers dominated the rebound off the Friday–Saturday low, reinforcing the dip-buying regime; source: @52kskew. In perpetual futures, open interest and CVD have been rising alongside price, signaling eagerness to buy upside momentum and potential strength; source: @52kskew. Going forward, the $112K-$113K zone is flagged as pivotal for direction, framing key resistance for momentum traders; source: @52kskew.

According to @OnchainLens, PUMP has rallied roughly 110% from its all-time low while two HyperLiquid whales hold sizable leveraged long exposure with material unrealized PnL, based on public trader dashboards. Source: @OnchainLens on X, 2025-09-08; hyperdash.info Whale 1 holds a 5x PUMP long valued at $7M with a $2.6M profit, but also carries a BTC 40x long with a $3M loss that leaves the account net negative. Source: @OnchainLens; hyperdash.info/trader/0x0a07d250f3ff9815299adf42894c5676f8021801 Whale 2 holds a 5x PUMP long valued at $5M with a $1.9M floating profit and a 10x ENA long showing a $5.4M floating profit. Source: @OnchainLens; hyperdash.info/trader/0xbd6fc30c7d6678c42b4d11c64127adc5947873e3 These disclosed positions indicate concentrated leveraged long exposure in PUMP and ENA alongside high-leverage BTC risk on HyperLiquid. Source: @OnchainLens; hyperdash.info

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 @glassnode on X on Sep 5, 2025, Bitcoin's (BTC) futures funding rates have cooled to about USD 366,000 per hour, approaching the neutral threshold for this cycle at USD 300,000 per hour. According to @glassnode, a break below USD 300,000 per hour would signal fading demand in BTC perpetual futures. According to @glassnode, such a move would deepen the off-chain divergence from prior bullish phases.

According to @lookonchain, a newly created wallet deposited 701K USDC into Hyperliquid and went 10x long with roughly $4.5M notional exposure across PEPE and WIF, source: @lookonchain. The positions are 258M kPEPE valued at $2.5M and 2.47M WIF valued at $2M, source: @lookonchain. The trading address is 0xba0662b7147139e79f444bdffa49324ccb1893cb, as shown on Hypurrscan, source: Hypurrscan. At 10x leverage, the combined ~$4.5M notional implies about $450K margin used from the $701K deposit, leaving additional collateral available on the venue, source: @lookonchain and Hypurrscan.

According to @52kskew, BTC rebounded off visible bid depth with roughly $100M bought back, signaling renewed market demand (source: @52kskew on X, Sep 5, 2025). According to @52kskew, perpetual futures positioning shows a clear rotation out of shorts and hedges ahead of a major NFP release, with most expecting further progress toward rate cuts (source: @52kskew on X, Sep 5, 2025). According to @52kskew, traders should look for strength and sustained demand, especially on holds above $111K as an intraday confirmation level (source: @52kskew on X, Sep 5, 2025).

According to @ai_9684xtpa, Hyperbot’s trader page for address 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 shows a first 5x WLFI long, holding 10,000,000 WLFI with an entry price of 0.1822 and an estimated notional value of about 1.82 million dollars. Source: @ai_9684xtpa; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 According to @ai_9684xtpa, the position was opened after a Sun-linked address was reportedly blacklisted, a timing detail attributed to the author. Source: @ai_9684xtpa Traders can monitor the live position metrics, including size and entry, at the cited Hyperbot link for updates. Source: hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872

According to Phantom, the latest Phantom Perps update enables traders to add size to existing positions and partially close a trade in just a few taps. Source: Phantom on X, Sep 4, 2025. According to Phantom, the update is framed to keep traders flexible by allowing granular position adjustments without fully exiting positions. Source: Phantom on X, Sep 4, 2025.