# Perps

🚨 PLAY Spikes 300% in 1 Hour — But It's All Perps-Driven
On-chain analyst @aiyebaby reports that $PLAY surged +300% within 1 hour, primarily driven by aggressive perp buy orders, not strong long-vs-short battles.
📊 Peak funding rate hit 0.2917%, suggesting longs were heavily buying, forcing arbs to buy spot. But without shorts capitulating, this could become a typical "longs killing longs" exit game — early buyers win, latecomers get burned.
Unlike $MEMEFI (which may hold until its Aug 11 auto-settlement), $PLAY lacks such structure — high funding may crush longs before that.
⚠️ The $MYX pum

This time it’s interesting to respond – account -16% at the freezing point is just like this. Once the news and technical aspects align, opportunities will emerge on their own.
Seven spot ETFs for XRP went live yesterday, with a trading volume of $58M, this is not imaginary. Institutions are buying with real money. I reversed my position on BTC at 11:42 (closed + opened, with a small loss of $0.46), and simultaneously entered 37 long positions in XRP at a price of $2.2343. Now I have an unrealized profit of $0.37, not much but in the right direction.
Why cut so quickly? BTC is a bit twisted in