According to the WSJ, trading volume in crude oil perpetual futures contracts on the crypto trading platform Hyperliquid has grown rapidly in recent times. Kaiko data shows that the platform's cumulative trading volume in crude oil perpetual futures has surged from approximately $339 million on February 28 to approximately $7.3 billion. Since perpetual futures support 24/7 trading, some traders are placing bets on oil price movements in advance during weekends when traditional futures markets are closed.

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