DeFi· ★★★· bearish·

Glassnode: TradFi perpetuals on Hyperliquid tripled Bitcoin contract volume

  • —TradFi perpetuals on Hyperliquid posted over 3x the volume of BTC contracts in August
  • —Glassnode tied the shift to capitulation among Bitcoin investors under selling pressure
  • —The ratio measures relative volume, not money flowing directly from BTC into equities
Why it matters: Speculative capital rotating from BTC derivatives into TradFi contracts could erode liquidity and trading volumes across crypto markets.
#BTC
Source: Koin Bülteni
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