As of November 5, OKX’s U.S. stock-related products had a trading volume of 81.739 billion USDT over the past 30 days. Stock perpetuals accounted for the bulk of it, at 79.907 billion, while spot trading totaled just 1.832 billion.

This breakdown says a lot: most people trading U.S. stocks are playing derivatives, not buying stocks to hold. The top three by popularity are SNDK, SOXL, and SKHYNIX, with the storage sector still the most crowded trade.

A noteworthy observation: perpetuals saw more than 40 times the trading volume of spot, suggesting these funds are focused on short-term trading. Next, watch whether the trading share of these three storage-related assets shifts. If interest moves to another sector, signs of capital rotation will show up before price movements.

#交易 #Market