Blow off tops are caused by animal spirits, not math.
Agree with Josh on this.

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Hyperliquid
This generation of Perp DEX is fundamentally different from the Perp DEXs of the "GMX" and "DYDX" generations. Since it's still primarily a Perp DEX, the title will still refer to it as "Perp DEX."
Beginning as "Perp DEX," it quickly rose to prominence.
Hyperliquid is a Layer 1 public chain, similar to Ethereum and Solana. Hyperliquid has a grand vision: to be a blockchain that supports all financial services and a high-performance on-chain financial transaction infrastructure. Hyperliquid...

In-depth analysis of Perp DEX: Hyperliquid, Aster, Lighter, edgeX

Three prominent automakers, Toyota, BYD, and Yamaha, have started accepting USDT payment options in Bolivia, as announced by Tether CEO Paolo Ardoino.
Ardoino celebrated this milestone in a September ...

Toyota, BYD, and Yamaha Now Accept USDT Payments in Bolivia, Tether CEO Confirms

Perpetual swap DEX StandX tweeted that its total value locked (TVL) doubled in three days, surpassing $50 million and now reaching $52 million, a new all-time high. Its pre-deposit campaign is about to end.

StandX's TVL doubled to over $50 million in 3 days, setting a new record high

You’re all just too clever. During the blowoff top of 2017, do you think the government printed all the money leading to the spike and then burned it as it came crashing back down? Since then, we’ve basically memed an entire ecosystem into existence. Buckle up. x.com/PikaC888/statu…

Anything can happen when the greed instinct takes over.