📌 TOPINDIATOURS Hot crypto: Crypto Traders Are Buying These 3 Low-Cap Perp DEX Tok

The October market has recorded a series of remarkable milestones in the Perp DEX sector. Several altcoins from Perp DEX platforms, including Hyperliquid (HYPE), Aster (ASTER), and Avantis (AVNT), have posted strong gains. If this trend persists, capital may continue to rotate into smaller-cap altcoins.

On-chain data shows that a few low-cap Perp DEX altcoins are experiencing strong accumulation. This is reflected in whale wallet balances and exchange reserves.

Perp DEX Records Fuel Interest in Low-Cap Altcoins

DefiLlama data reveals that Perps trading volume surpassed $1.1 trillion in September, marking the highest level in DeFi history.

Volume has already increased by more than $340 billion in the first three days of October alone. This growth signals the possibility of setting an even higher record this month.

A large wave of investors has flocked to derivatives trading on DEXs, attracted by airdrop programs and encouragement from industry leaders.

If this trend continues, several low-cap altcoins could see strong price rallies. These tokens have market capitalizations below $50 million and are already showing signs of early accumulation.

1. Adrena (ADX)

Adrena is an open-source, peer-to-peer, decentralized perpetual exchange built on Solana.

ADX currently holds a market capitalization of under $40 million. Nansen data shows that exchange reserves dropped by more than 3% in the last week of September, while ADX’s price climbed from $0.028 to $0.038. Meanwhile, top whale wallets increased their balances by 0.87%.

Although these changes are modest, several factors could support further potential for ADX.

First, DefiLlama data shows that the exchange’s Perps volume recovered to over $600 million in the past month, the highest level since June.

Second, as of October 3, Adrena ranked second in daily trading fees among Solana-based derivative DEXs, only behind Jupiter.

Third, the project appeared on Coingecko’s trending list. These signs suggest Adrena is attracting new traders.

2. Perpetual Protocol (PERP)

Perpetual Protocol is a decentralized futures exchange built on Ethereum. PERP has been listed on Binance since 2020, but its price has dropped nearly 99%. This decline left its market capitalization at just around $22 million.

Renewed investor enthusiasm for Perp DEX narratives has brought attention back to this token.

Nansen data shows that PERP’s exchange reserves decreased by more than 15.6% in the past month, while balances in top wallets rose 7.8%.

Some technical analysts highlight PERP’s price structure in 2025. The token is no longer making lower lows and is forming a bullish pattern, suggesting potential gains of more than 130% by year-end.

The combination of on-chain accumulation signals and technical structure could support a bullish scenario for PERP.

3. Bluefin (BLUE)

Bluefin is currently the leading perpetuals platform on Sui. A recent BeInCrypto report pointed to positive signs suggesting the project may attract more investor interest in October.

BLUE’s market capitalization stands at approximately $39 million. DefiLlama data indicates that the DEX generates more than $13.6 million in annual revenue. Bluefin has pledged to use 25% of that revenue, about $3.4 million, to buy back BLUE.

This planned buyback amount equals nearly 10% of the market capitalization. As a result, it could serve as a strong price catalyst and encourage more investors to accumulate BLUE.

Notably, the buyback program began in October. Many analysts expect BLUE’s price to break above $0.20 this month.

Low-cap altcoins can provide significant profit opportunities but also carry two key risks.

First is liquidity risk. These tokens often have low trading volumes and poor market dept…

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🔗 Sumber: www.beincrypto.com

📌 TOPINDIATOURS Breaking crypto: A New Bitcoin All-Time High Could Come As Early A

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee as markets brace for another pivotal moment. From Washington’s shutdown to deep-pocketed crypto whales pushing leverage, forces are converging that could propel Bitcoin (BTC) into uncharted territory. Analysts find themselves split on whether this strength is solid or fragile.

Crypto News of the Day: Geoff Kendrick Sees Bitcoin Ready for $135,000 as Shutdown Looms

Bitcoin may be on the brink of a fresh all-time high, according to Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick.

In an exclusive email to BeInCrypto, Kendrick said he expects Bitcoin to “print a fresh all-time-high next week” and push toward his long-held Q3 target of $135,000, reported in a recent US Crypto News publication.

The catalyst, he argues, lies in the dynamics of the US government shutdown.

“The shutdown matters this time around. During the previous Trump shutdown (December 22, 2018, to January 25, 2019), Bitcoin was in a different place than it is now, so it did little. However, this year, Bitcoin traded with US government risks, as best shown by its relationship to US treasury term premium,” Kendrick explained.

On Polymarket, traders are pricing a 60% probability that the shutdown lasts between 10 and 29 days, suggesting no quick resolution.

For Kendrick, this creates an extended environment in which Bitcoin can outperform as a hedge against fiscal gridlock and US credit stress.

The other key driver lies in ETF flows. Gold has been outperforming Bitcoin ETFs in recent weeks, but Kendrick expects that trend to reverse.

“Net Bitcoin ETF inflows are now at USD58bn, of which USD23bn has been in 2025. I would expect at least another $20 billion by year-end, a number which would make my $200,000 year-end forecast possible,” he said.

With Uptober underway and liquidity dynamics turning in Bitcoin’s favor, Kendrick believes the market is set to reward holders with a new peak in the coming days.

Perp Whales Drive Aggressive Longs, Raising Both Hopes and Risks

While macro tailwinds dominate headlines, on-chain and derivatives data indicate growing momentum for Bitcoin’s next breakout. Analysts at CryptoQuant and other firms highlight a surge in perpetual futures activity led by perp whales.

“Bitcoin perp whales went long heavily on OKX, Bybit, HTX. The taker buy ratio on OKX is the highest since January 2023,” wrote Ki Young Ju, founder and CEO of CryptoQuant.

According to Ki, the current setup marks the fourth attempt to break Bitcoin’s ATH, only this time, perp whales are on the frontline.  

Supporting this, analyst Maartunn observed that since the monthly open, taker buy volume has exceeded sell volume by roughly $1.8 billion.

“Futures buyers are stepping up…clear sign of aggressive long positioning,” Maartunn stated.

This activity has fueled speculation that a leveraged rally may be in the works. In a recent analysis, Maartunn explained that rallies powered primarily by borrowed capital rather than long-term spot accumulation are inherently fragile.

“It might look impressive for a little while, but it’s incredibly unstable and just waiting for a reason to fall over,” he warned.

The risk is that heavy long positioning could trigger cascading liquidations if momentum falters, suppressing spot demand even as prices rise.

This makes current valuations more speculative than sustainable. Still, with whale positioning aligned with macro catalysts like the government shutdown and ETF flows, the conditions appear ripe for Bitcoin to finally clear its all-time high barrier.

Chart of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• ETF inflows return: Bitcoin and Ethereum record $900 million in inflows in one day.
• Fresh Bitcoin demand emerges as price claims $120,000; up next – new AT…

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  🔗 Sumber: www.beincrypto.com

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