Market Dynamics & Narratives - American narratives dominated crypto market earlier in the year, focusing on ETFs, DATs, TradFi, RWA Tokenization, and regulatory clarity [1] - Asian retail investors were playing catch-up, contrasting with 2022-2024 when Asia drove the market [1][2] - China & Asia were displaced due to lack of edge in US politics and information asymmetry regarding ETF listings [2] - Chinese narratives regained popularity driven by CZ's activity and the launch of Aster [3] Potential Market Manipulation - US government shutdown delayed expected catalysts and SEC actions, making long positions vulnerable [2][3] - Aster, a new perp dex supported by CZ, attracted billions in open interest from inexperienced traders [2] - Launch of SOL, XRP, and DOGE spot ETFs coincided with market events [4] - A BTC whale opened massive short positions, potentially linked to knowledge of Xi Jinping's actions [5][6] - Elevated open interest, delayed catalysts, and the government shutdown created an opportunity to "loot" the market [6] Conspiracy Theory Summary - The theory suggests a coordinated effort to exploit market vulnerabilities, with Chinese actors potentially profiting from the US government shutdown and delayed ETF catalysts [1][2][3][6]

RT Sisyphus (@0xSisyphus)Lots of money to be made telling the rest of the world that knockoff versions of Hyperliquid are great, just can't recommend to actually use themIt'll be very noisy for a while especially in regards to volume numbers on the top platforms. Open interest is harder to manipulate ...

⚡️ UPDATE: Bitcoin futures open interest dropped from $44.8B to $42.8B, reflecting reduced speculative exposure, per Glassnode data. https://t.co/CxgO3ApYZx ...

MARKET UPDATE: 📊 Bitcoin futures open interest surged nearly 10% to $26.9B, its biggest jump since March, as BTC eyes the $110K mark. https://t.co/hVw7Bed0tl ...

MARKET UPDATE: 📊 Bitcoin futures open interest surged nearly 10% to $26.9B, its biggest jump since March, as BTC eyes the $110K mark. https://t.co/pbFU5HbWly ...