$BTC 𝙊𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙘𝙡𝙚𝙖𝙧𝙚𝙨𝙩 𝙨𝙞𝙜𝙣𝙖𝙡𝙨 𝙛𝙧𝙤𝙢 𝙧𝙚𝙘𝙚𝙣𝙩 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙫𝙤𝙡𝙖𝙩𝙞𝙡𝙞𝙩𝙮 𝙞𝙨 𝙝𝙤𝙬 𝙖𝙜𝙜𝙧𝙚𝙨𝙨𝙞𝙫𝙚𝙡𝙮 𝙩𝙧𝙖𝙙𝙚𝙧𝙨 𝙝𝙖𝙫𝙚 𝙧𝙚𝙩𝙪𝙧𝙣𝙚𝙙 𝙩𝙤 𝙙𝙚𝙧𝙞𝙫𝙖𝙩𝙞𝙫𝙚𝙨 𝙢𝙖𝙧𝙠𝙚𝙩𝙨

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Weekly perpetual futures volume doubled during the move, with Hyperliquid, GMX, dYdX, and several newer venues capturing a large share of activity.

What stands out to me is that speculative participation continues to scale alongside price swings, reinforcing the growing role of perpetuals in crypto price discovery.

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