Hyperliquid: Equities Volume Overtakes Bitcoin Again
Glassnode data shows equities volume on Hyperliquid overtaking bitcoin native volume once more, with crypto traders chasing stock dips as both assets grind lower.
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Hyperliquid equities volume has overtaken bitcoin native volume again, according to Glassnode. Crypto-native traders appear to be chasing the stock dip while both BTC and equities grind lower for weeks. The last time this ratio peaked in August, BTC sat near its lows before breaking out.
Price sits at $74655.1 inside the Bollinger Bands with upper resistance at $76852.59 and lower support at $74243.86. The bearish trend structure holds as price trades below both EMA50 at $76711.71 and EMA200 at $79894.8. MACD at -649.82 confirms the death cross while RSI at 39.66 remains neutral, leaving room for further downside before any relief rally tests the 50-EMA resistance.
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