⚠️ Late-stage vibes in DEX trading

Hansolar warns that the current explosion in DEX volumes looks like the final innings of the game, a stage where many get rekt chasing easy gains.

➡️ Hyperliquid: $11.0B → $10.0B
➡️ Lighter: $3.9B → $11.0B
➡️ Aster: $1.9B → $35B
➡️ Edgex: $1.4B → $6.2B

This pattern resembles past blow-off phases: the fee-mining exchange rush in 2018 and the pool2 mania during DeFi summer 2021. Both ended badly for retail.

If you’re not absolutely clear on what you’re doing, taking some money off the table is the smarter move. In late stages like this, survival matters more than squeezing the last gains.

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📉 Bitcoin Longs Wiped Out Below $111K

Bitcoin futures faced another major flush of long liquidations as price broke under $111,000. This broad deleveraging resets positioning and reduces the risk of further cascades, but not without pain first.

➡️ Price dipped under $111K, triggering heavy long liquidations
➡️ Spikes on the chart show clustered wipeouts of leveraged longs
➡️ Such events often reset leverage in the system, stabilizing conditions short term

Leverage cuts both ways. These liquidation waves hurt traders caught on the wrong side but clear the board for the next move.

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💥 PIPE Price Gravity Hits Bitcoin Treasury Stocks

A sharp reminder of how PIPE financing works: no matter how high prices run, they tend to snap back to the issue level.

➡️ Kindly MD (NAKA) surged 18.5x in May to an intraday high of $34.77
➡️ After PIPE shares unlocked in September, the stock crashed more than 50% in days
➡️ Total drawdown: –97%, all the way back to its PIPE price of $1.12

PIPE deals create brutal gravity. If you are trading Bitcoin treasury stocks, never ignore the unlock schedule, it decides where price comes home.

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⚡️ The latest developments in DeFi

➡️Metamask announced it will launch in-wallet perps powered by Hyperliquid

➡️Base L2 announced a new bridge between Base and Solana

➡️Hyperliquid community member proposed reducing HYPE supply by 45%

➡️Consensys CEO confirmed that the Metamask token is coming

➡️Mantle announced exclusive trading fee discounts for MNT holders on Bybit

➡️Yield Basis, a dApp built by Curve Founder to solve impermanent loss, went live

➡️Plasma introduced Plasma One - its stablecoin-native neobank and card

➡️Solana revealed that the National Bank of Kazakhstan launched its stablecoin on Solana

➡️Nansen introduced Nansen AI - a mobile app that provides on-chain insights using AI

➡️Falcon Finance announced an airdrop for KAITO stakers. You need to register for $FF airdrop on its website by Sept. 28 to claim it

➡️DeFi App announced a $1000 Bonus $HOME Reward Program for all its active users

➡️Ethereum has scheduled its next big network upgrade, called Fusaka, for Dec. 3

➡️LayerZero bought back 5% of its ZRO token supply from early investors

➡️YZi Labs (formerly known as Binance Labs) announced a new investment in Ethena

➡️Huma Finance will open claiming for part 2 of its S1 airdrop tomorrow

➡️Resolv’s Season 2 airdrop claim went live

➡️Fluid expanded its token FLUID to Solana

➡️Monad introduced Monad Momentum - its ecosystem incentives program

➡️Portal to Bitcoin announced that its mainnet will go live on Oct. 13

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💰 $SNX closed at +3R

One of the recent plays from our White Horse Private group that we shared publicly.

➡️ More trades inside

If you would like to join the community and make sure you do not miss the bull run, you know where to find us.

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✨ Gold Leads, Bitcoin Follows

Markets move in cycles, and gold often sets the tone. Bitcoin tends to lag, repeating the same structure with a delay.

➡️ Gold has already broken out of its wedge and surged to new highs
➡️ Bitcoin is still consolidating inside a similar wedge pattern
➡️ Historically, BTC rallies follow gold’s lead once the breakout confirms

Gold has shown the way. Bitcoin’s turn may be next. Patience is the real edge here.

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