Glassnode data shows that trading volume for stock contracts on Hyperliquid has once again surpassed Bitcoin’s. Although U.S. stocks and Bitcoin have both continued to decline over the past few weeks, crypto-native traders seem more inclined to trade stocks on the dip. The last time the ratio of stock to Bitcoin trading volume peaked was in August this year, when BTC was near a local low, before breaking out and rising.

$BTC