Silver (SLV) Trading Volume Nears $1 Billion on Hyperliquid While Bitcoin (BTC) Stalls: Asia Markets Update

In a notable shift within the cryptocurrency derivatives market, Silver (SLV) has approached a staggering $1 billion in trading volume on the Hyperliquid protocol. This surge in activity for the SLV perpetual futures contract highlights growing trader interest in alternative assets. The momentum for Silver contrasts with the current state of Bitcoin (BTC), which has seen its price movement remain largely frozen within a narrow range. This divergence underscores a potential rotation of capital and speculative focus ahead of the Asian trading session. Analysts are monitoring whether SLV's volume breakthrough signals a sustained trend or short-term volatility as the market seeks direction beyond the dominant bitcoin narrative.