Stocks and Oil Outtrade Bitcoin on Hyperliquid
Photo: Coindoo
Key Takeaways Traditional markets exceed Bitcoin’s daily perpetual turnover. Leveraged turnover does not prove capital migration from crypto. Contract rules dictate pricing when underlying traditional markets close. Sustained demand requires tracking open interest and executable depth. The HIP-3 Volume Crossover: Fact vs. Illusion In its October 28 report, Glassnode puts daily HIP-3 trading at approximately $2.6 billion over the preceding week, compared with about $2.4 billion for Bitcoin perpetuals on the same venue. SK Hynix, the S&P 500, and a technology index led individual markets, followed by crude oil.
Source: Coindoo
