Hyperliquid stock perp volume tops BTC again, echoing past BTC rebound signal

According to Glassnode, trading volume in stock perpetual futures on Hyperliquid has once again surpassed BTC volume. Glassnode said that despite persistent weakness in both U.S. stocks and Bitcoin prices over the past several weeks, crypto-native traders appear to be favoring stock products from a buy-the-dip perspective. It added that the stock-to-BTC volume ratio on Hyperliquid last peaked in August this year, when BTC was nearing a short-term bottom before staging a strong breakout rally.