According to @EauDoon, BTC has seen increasing positive sentiment over the past 24 hours, but funding is rising faster than the price; late buyers should proceed with caution (source: @EauDoon on X).

According to Cas Abbé, XRP futures 24-hour volume jumped 208% to $12.4B, overtaking Solana’s $9.6B, marking a shift in derivatives flow toward XRP, source: Cas Abbé on X. Open interest rose 15% to $5.9B, indicating materially higher positioning in XRP derivatives, source: Cas Abbé on X. Funding is positive on XRP perpetuals, which signals a long bias where longs pay shorts, source: Cas Abbé on X; source: Binance Futures documentation. Traders monitor the combination of elevated open interest and positive funding as a crowding and squeeze-risk signal in derivatives markets, source: Binance Research.

According to @MilkRoadDaily, $HYPE trading volumes are rapidly increasing, with Binance Futures maintaining its position as the leading derivatives platform. However, Bybit and the onchain exchange HyperliquidX are quickly gaining market share, signaling intensified competition in the perpetual swaps sector. Notably, HyperliquidX, traditionally seen as an onchain underdog, is now competing directly with major centralized exchanges, marking a significant shift in the landscape for traders seeking high-liquidity perps products. This ongoing exchange battle could influence trading volumes and liquidity dynamics across the broader crypto derivatives market. Source: @MilkRoadDaily.

According to @ThinkingUSD, InsilicoTrading is considering building an onchain trading platform that promises best-in-class execution, lower fees, the largest referral split among onchain terminals, and top-tier perpetual swap execution. These features directly target key trader demands—lower transaction costs and more lucrative referral programs—potentially increasing platform liquidity and user acquisition. For crypto traders, such advancements could drive higher trading volumes and tighter spreads on InsilicoTrading, influencing market competition and fee structures across the DeFi ecosystem. Source: @ThinkingUSD.

According to Akshat_Maelstrom on Twitter and The Block, BitMEX has successfully expanded its crypto derivatives product lineup, introducing new perpetual swap contracts and increasing liquidity for major trading pairs (source: theblock.co/post/356427/bitmex-expands). This move enhances trading opportunities and risk management tools for both retail and institutional traders, potentially boosting overall market depth and volatility. Traders should monitor BitMEX volumes and open interest data, as increased activity on BitMEX often signals shifts in broader crypto market sentiment and can influence price action across Bitcoin and Ethereum derivatives.

According to glassnode, the BTC funding rate has flipped negative, indicating a shift in trader sentiment with increased short positions building across major cryptocurrencies, including BNB and ADA. Notably, Solana now ranks as the 6th lowest funding rate among tracked assets on Glassnode Studio, signaling heightened short activity and potential downward price pressure. These developments are critical for traders monitoring perpetual swaps and funding rates, as negative rates often precede volatility or potential reversals. Source: glassnode (May 28, 2025).

According to Henri Arslanian, perpetual swaps, also known as perps, are a type of derivative contract in the crypto market that allow traders to speculate on the price of cryptocurrencies without an expiry date (source: @HenriArslanian on Twitter, May 13, 2025). He highlights that perps provide high leverage and deep liquidity, making them essential tools for active traders seeking to hedge or amplify positions. The popularity of perpetual swaps on major crypto exchanges has significantly increased trading volume and volatility, impacting both short-term price movements and long-term market dynamics. Henri emphasizes that understanding how perps function is critical for traders aiming to manage risk and capitalize on trading opportunities in the evolving digital asset landscape (source: @HenriArslanian on Twitter, May 13, 2025).

According to @ThinkingUSD, Bitcoin is highlighted as a crucial asset for wealth preservation, and stablecoins are noted for enabling seamless transactions without intermediaries, crucial for commerce. These digital assets are expected to gain wider acceptance, enhancing their utility in trading. Additionally, the role of perpetual swaps in facilitating 24/7 stock trading is emphasized as a significant development in crypto markets. Source: @ThinkingUSD.

According to Trader_XO, the recent BTC perpetual swaps trade resulted in a loss as the price hit resistance, and the trader was forced to cut the position prior to a breakdown. This marks the first loss trading perpetual contracts on the long side this year. The daily RSI indicates an oversold condition, and high-timeframe EMAs and MAs are not favorable for bullish trades. The trader is monitoring for future setups.

According to Flood (@ThinkingUSD), the awareness of perpetual swaps among memecoin traders could significantly impact the trading dynamics in cryptocurrency markets. Perpetual swaps, which allow traders to bet on the future price of cryptocurrencies without owning them, could lead to increased volatility and liquidity in memecoin trading. This understanding can enable memecoin traders to leverage their positions more effectively, potentially altering market behavior.