what
@whatexchange
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A DeFi-centric team focused on community & Transparency. // Doing everything right... that Sam did wrong. // Built by Traders, Owned by Degens.
Blockchain
Joined April 2017
Airdrop ongoing 🔥 30% of $WHAT total supply is allocated to the airdrop Don’t miss it
Screw CEXs for locking withdrawals, farming users data and still charging “VIP” fees @whatexchange has no KYC, non-custodial, fees from 0.034% 30% of $WHAT supply is reserved for airdrop $WHAT isn’t an exchange token, it’s the core of the whole @whatexchange ecosystem: Perp +
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I am going to build a SOL long. Some of you need a lesson on how to leverage trade obviously. I am using What exchange (airdrop coming) Great exchange built by OG traders like @ImNotTheWolf Sign up here (and receive 10% rebate) to counter trade me: https://t.co/nkyE5NSxts
trade.what.exchange
Decentralized cryptocurrency omnichain product suite for DeFi degenerates.
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Even VCs are stepping down 🤨 Shima Capital - Crypto fund that backed deals like Berachain, Monad, and Pudgy Penguins has officially shut down. Three weeks ago, the SEC also filed a lawsuit against Shima Capital and its founder, Yida Gao, alleging investor fraud. Gao later paid
We're in a Bear Market. There has been almost zero greed for over a month now Since early November, $BTC is down ~18.5% (at current prices). The last time we saw a setup like this was back in March - April 2025 Even though the market has dropped significantly, I don't think
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What Exchange has officially listed 4 RWA markets. Tired of those useless altcoins? RWA has arrived on What Exchange. Come and experience it yourself 🔥
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New RWA Listing Alert: Gold $XAU, Silver $XAG 🚀 We are excited to announce that What Exchange will officially list Gold $XAU, Silver $XAG with up to 20× Leverage. The market will open with real-time pricing. ➣ Get ready for new trading opportunities
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Keep building 💪 Don’t forget that we still have an airdrop program for trading on What Exchange. And our Prediction Market is also getting ready to launch on What. If you missed $HYPE, don’t miss $WHAT 🤝
Top builders by revenue over the past 30 days 🏗️💰 🥇 @vooi_io 🥈 @KodiakFi 🥉 Aden 4️⃣ @whatexchange 5️⃣ @_WOOFi Real users. Real volume. Real revenue being generated on Orderly.
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5/ Conclusion Covered call activity offers one way to interpret why Bitcoin can struggle to move through a specific level in the short term, such as a ceiling around $90K. It is not the only driver, but it is a plausible mechanism to explain repeated behavior: as price
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4/ Why does liquidation also matter? Beyond options, liquidation is another factor that is easier to observe. During pullbacks, long liquidations can create forced selling, which can deepen declines and trigger follow-on effects. This is one reason the same sequence can repeat.
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3/ Why can heavy call selling create a ceiling around $90K? If many large holders sell calls at a major strike such as $90K, they have an incentive to avoid a rapid move far above that level, because the higher the price goes, the more upside they give up. As price approaches a
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2/ Covered call as a steady income approach Assume Bitcoin is at $86K today. A large holder might do the following: • They hold Bitcoin in spot. • They sell a call option with a strike price of $90K for example with a 3 month or 6 month expiry. • The call buyer pays a
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1/ What is an option, and why can it relate to a price ceiling? An option is the right to buy or sell an asset at a predetermined price in the future. • A call option is the right to buy. • A put option is the right to sell. ➥ The key point is that an option buyer does not
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Is Call Option Activity Pressuring $BTC? In recent weeks, many traders have noticed a recurring pattern: when $BTC pushes higher, sell pressure often appears and the price pulls back. This is frequently accompanied by liquidation events that amplify volatility. If you trade
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🚨 GIVEAWAY ALERT – $100 USDC + BONUS POINTS UP FOR GRABS! 🚨 To celebrate the collaboration between TKResearch Trading 🤝 @whatexchange, we’re hosting a special giveaway for the community! 🎁 Prize Pool • Total rewards: 100 USDC + What Exchange Bonus Points • Winners: 5
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🪂 Trade on What Exchange & Get Ready for the Upcoming Airdrop 🔥 Airdrops expected in Q1 2026 👀 @whatexchange is a community-owned, omnichain perpetual DEX delivering a CEX-like trading experience with full self-custody, DAO-governed transparency and ultra-low fees, cheaper
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4/ Conclusion Overall, things look fine, but in reality it is not as easy as headlines make it seem. A cleansing process will continue. Low-quality projects and VC chains will keep getting filtered out to prepare for a healthier future for the market. And through that process,
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3/ Market challenges Right now, even if the big picture looks bright, what do we see when we look closer? • Gold and silver are at all-time highs. • AI always has new narratives. They feel real, investors can see it, use it, and stay optimistic about the future. People invest
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2/ The broader crypto market context How has the market matured? From a fundamentals perspective, blockchain and crypto still play the role of a future backend layer for global finance, with a vision of bringing more assets onchain to take advantage of 24/7 markets,
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1/ Macro in 2026 • QT has ended, and QE is expected to start soon. • A new Fed Chair will show up, and it is likely this person will lean toward Trump’s policy direction. • There will probably be more than one rate cut next year. • Tariffs have stabilized, especially between
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