For once it was not longs getting liquidated

Reality check - crypto fundraise valuations are too high
In the last few years you may have been able to get away with a "2 on 20" pre-seed with not much more than a pitch deck and wireframes, then follow that up 6-12 months later with a "5 on 50" seed round well before any true measure of pmf
I believe those days are over (for now)
The result of raising at these high vals is that teams are incentivized to TGE too soon at even higher vals which removes much of the liquid demand thus leaving very little upside post-TGE
The market has a way of finding the correct price over time and for many tok

Perps will not be a winner-take-all market
Just like TradFi brokerages, the market is large enough to support many players across regions and product specialities
It’s a fast growing pie so Hyperliquid can still crush it while others also do well

Manifesting bullish vibes ahead of next week's visit to Abu Dhabi

Whoever did this is a diabolical sociopath