PerpSky articles tagged Market Structure.
Twelve verified perpetual-futures developments from the week of September 28 - October 4, 2026: the September payrolls miss, the $433.6m Friday flush of late longs, bitcoin ETFs' third straight positive week, Hyperliquid's positions-up-volume-down rotation and ZEC's first weekly ETF outflow.
ReadTen verified developments from the week of September 21 - 27, 2026: the Monday short squeeze, a record $2.39bn spot-ETF week, Hyperliquid's two-sided open-interest record, the GENIUS Act comment window, the Kalshi ruling and Bitget's $351.6m breach.
ReadThe desk's five standing questions answered for the week of September 21 - 27, 2026: a rally on delivered demand, the funding clock, the venue ledger, the liquidation ledger and the regulatory week.
ReadThe week's research note: the squeeze that lit the fuse, the ETF intake that paid for it, the macro tape underneath and the three falsifiers that would retire the read.
ReadTen verified perpetual-futures developments from the week of September 14 - 20, 2026: the first Fed hike since July 2023, the CLARITY Act's failed cloture vote, Payward's Hyperliquid perpetual plan, the SEC's tokenised-stock exemption and a bitcoin market that broke out anyway.
ReadThe Payward HIP-3 announcement, worked into a research note: the four-entity structure, the 500,000 HYPE stake, the regulatory layer and what the wrapper does and does not change for US perpetual futures.
ReadThe 11 September CPI whipsaw, worked into a research note: the one-hour short squeeze, the hours that preceded it and the leverage structure that produced both.
ReadTen verified developments from the week of August 31 - September 6, 2026: the Waller squeeze, the payrolls reversal, an 84%-short liquidation day and the altcoin open-interest crossover.
ReadThe altcoin open-interest crossover, the ZEC liquidation lab and the carry stack, worked into a research note on where leverage actually went.
ReadTen verified developments from the week of August 24-30, 2026: the Hyperliquid-Payward talks as first reported, the equity-perpetuals comment letters, and a cooling leverage complex into month end.
ReadThe August 2026 structural report: a $400.00bn Hyperliquid month, a $106m fee month, the venue ledger at month end and the regulatory calendar that will shape September.
ReadThe 31 August Bloomberg report of Hyperliquid-Payward talks, worked into a research note: the routing structure, the CFTC entities involved, the implied take-rate arithmetic and what remains unknown.
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