Hyperliquid Exchange Overview - Hyperliquid has a $41 million whale long position with a liquidation price at $23.7 [1] - Hyperliquid's TVL (Total Value Locked) has reached $1.36 billion [1] Market Performance - Hyperliquid's native token HYPE is down 30% this month, making it the worst performer in the top 50 [1] Trading Strategy Implications - Defending the $23.7 level could trigger short covering, potentially driving the price to $35+ [1] - Breaking the $23.7 level could lead to a cascade effect, potentially driving the price down to $15 [1] Fee Structure - Hyperliquid is offering zero fees on both perpetual futures (perps) and spot trading [1]

Never underestimate how quickly your trajectory in crypto can change.In both directions.I know people who felt like kings of the world twelve months ago and lost all their profits from memecoins this year.I know people who made millions of dollars with perps and lost everything on October 10th.And I also know people who had nothing at the beginning of the year and completely changed their lives for the better.They expanded their portfolio and follower count far beyond what anyone could have expected. Themse ...

i can confidently say that accumulating hype while rest of crypto market is bearish will work out if you have patience to hold through some volatilityability to trade perps of *all* assets 24/7 is not priced in to current growth narrative - & believe US regulations will only become more favorable over the next year or so++ ppl have bad taste in their mouths currently with binance & 10/10 liquidation event, believe that more volume will move from there over to hyperliquidNMTD.HL (@NMTD8):Want to trade $NVDA ...

Market Sentiment - Crypto market participants exhibit aversion to betting and speculation, contrasting with the past eight years [1] - Prevailing sentiment suggests a belief that the era of strong perpetual futures ("perps") is over [1] - The market expresses conviction that past trends will not repeat [1]

Risk Management - Perpetual contracts (Perps) can lead to significant losses, potentially $10,000 in a single day [1] - Event contracts limit maximum loss to $1 per contract [1] Investment Strategy - The industry suggests careful consideration of risk exposure when choosing between Perps and event contracts [1]

Market Trends - Perpetual futures (Perps) are expected to replace meme coins as a source of dopamine for traders, indicating a shift in risk appetite [1] - The trend over the past year shows increasing adoption of perpetual futures, as indicated by HYPE and PUMP fees [2] Platform & User Behavior - Platforms will improve the accessibility of perpetual futures trading [3] - Users are likely to prefer trading Solana (SOL) with 20x leverage on perpetual futures over trading meme coins, seeking similar returns with potentially lower risk [3]

Crypto Products - Perpetual contracts (Perps) are evergreen, enabling speculation on underlying assets without ownership [1] - Stablecoins are a DeFi Trojan Horse with a near limitless Total Addressable Market (TAM), accessible to mobile device users [1] - Prediction Markets, rebranding to Event Markets and then "Markets", allow trading anything, implying an infinite TAM [1] Market Perspective - Crypto powers all these products, with a market size gigantically larger than Crypto Twitter (CT) [1] - The industry expresses a positive sentiment towards the perpetual contract (perp) meta [1][2]

Market Trend - Crypto领域下一个10倍增长机会在于移动端 [1] - 需要持续监控局势，以防被犯罪集团和政客清算 [1] Investment Opportunity - 行业建议购买Solana Mobile [1]

Trading Strategy Evolution - The trader's initial stance against leverage has shifted, now exploring perpetual futures (perps) [1] - The trader is actively seeking a decentralized exchange (DEX) to short a specific cryptocurrency [1] Risk Assessment - The trader acknowledges the potential risk of being "drained" (losing funds) when using a less established DEX [1] Cryptocurrency Market - The trader is targeting a cryptocurrency that is not widely available for shorting on major DEXs [1] - The trader is considering using a DEX ranked 73rd by perpetual futures volume on CoinGecko [1]

Market Focus - The industry identifies Starknet as a promising platform for perpetual futures (Perps) trading [1] - Two new Perp DEXs on Starknet are considered early-stage opportunities [1] Project Updates & Features - Paradex on Starknet Appchain offers up to 100x leverage on approximately 100 crypto pairs [3] - Paradex vaults yield around 30% in USDC on approximately $50 million TVL [3] - Paradex is developing unique features like Perps option trading, spot trading, pre-Market, multi-Collateral Support, paradigm integration, privacy trading, and a native yield-bearing synthetic dollar [3] - Extended, an app on public Starknet, offers up to 100x leverage on over 50 pairs, including crypto, Gold, EUR/USD, Oil, and S&P500 [4] - Extended vaults yield around 26% in USDC [3][4] - Extended provides smooth EVM onboarding and integrated lending [4] Marketing & Incentives - A trading contest offers $100 thousand USDC + 400 thousand XP rewards over 4 weeks [2] - Money Badgers campaign is underway [2]