Steady Lads Is Hyperliquid The Wild West? Has The Market Topped?! w/ Dim Selk
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Aug 30, 2025 Dim Selk, a financial expert from Selini Capital, dives into the tumultuous world of cryptocurrency. He discusses whether Hyperliquid is truly the Wild West, revealing the risks traders face in this volatile environment. The chat includes insights into the behavior of crypto whales and the ongoing market dynamics impacting Bitcoin and Ethereum. Selk also touches on the potential regulatory shifts in the US that could reshape trading, and injects humor with anecdotes about navigating the crypto landscape.
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Momentum Is Fading, Value Not Backing Up
- Momentum buyers are losing control and value allocators are not stepping in at current BTC/alt levels.
- Dim Selk warns 110K BTC is unstable because momentum is deteriorating and allocators arenāt buying long-term.
Pre-Market Perps Can Be Self-Referential Traps
- Pre-market perpetuals without a live spot token create exploitable self-referential price dynamics.
- Jordi explains Hyperliquidās Plasma spike was driven by a whale buying into thin liquidity and caused massive liquidations.
Whale Fat-Fingered A Massive Spike
- A single buyer repeatedly pressed buy and was auto-closed by the system, pocketing tens of millions across accounts.
- Jordi notes one tracked wallet made $38 million from that brief spike before the price collapsed.