Many people are still stuck in the old narrative of "US stocks hitting new highs = continue to go all-in on tech." But what's more critical now is not whether you can buy NVDA, GOOGL, or MCD, but: which layer of tools you use to capture the same underlying's volatility!
Traditional US stocks give you ownership, CFDs offer leverage and hedging, while Perp transforms US stocks into a 7×24 trading variety, settled in USDT, using the same account as crypto contracts.
Bybit's exclusive activities for Chinese speakers are currently showcasing these three layers simultaneously: with a minimum of $1, you can participate, trades enter a lottery, with a chance to win up to $1,000 GOOGLx spot airdrops!
👉 Click to enter the exclusive trading gate of Bybit:
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1. The indices can be up, but the trading structure has changed
After Jackson Hole, the market has raised the probability of a rate hike in September again. Waller emphasized that if inflation does not "clearly and quickly" drop back to 2%, the Fed "still has work to do."
The result is straightforward: long-term interest rates remain pinned at high levels, while the main AI narrative continues, but market breadth is poor, and securities with "no new order imagination" in the supply chain are quickly repriced downwards.
This is why more and more Chinese-speaking traders are shifting from "holding US stocks" to "trading US stock volatility":
If what you want is dividends, voting rights, or long positions: cash stocks/tokenized spots are more appropriate.
If what you want is thematic hedging, overnight positions, or broad coverage: CFDs are more suitable.
If what you want is pulses before and after US stock openings, weekend events, or macro hedging using the same account as BTC: Perps are the incremental option this round:
"Stop asking if the Nasdaq will reach new highs. Ask whether the discount rate is easing, and whether AI capital expenditure can continue to cover high interest rates. The index can grind higher, but individual stocks might suddenly drop by 7%–10%. This structure is more suited for using CFDs/Perps for batch trading instead of going all-in with spot."
"What the crypto circle truly lacks is not US stock targets, but US stock trading hours. Traditional after-hours, weekends, and non-farm payroll night trades make it impossible to place orders while watching cash stocks. Perps place NVDA, QQQ, gold, oil, and BTC into the same UTA, which is the real impact of TradFi on crypto users."
"First understand the three-layer products before discussing the benefits. CFDs are closer to traditional brokerage logic with overnight financing; Perps are closer to crypto perpetuals with funding fees, forced liquidation, and 24-hour pricing. Even if it's called 'shorting Apple', the accounts, leverage, costs, and liquidation paths are completely different."
2. Breakdown of TradFi into three layers: US Stocks → CFDs → Perps
One-sentence comparison: Spot/tokenized stocks are for directional allocation; CFDs are for leveraged traditional trading; Perps are for volatility-centric 24-hour event trading.
For crypto users, the smoothest path is often: first understand the underlying (US stocks/commodities) — use CFDs to get familiar with spreads and overnight — then push high-frequency, hedging, and event trades onto Perps.
3. Exclusive Chinese language activity: minimum $1, trading equals lottery
Activity theme: Participate with a minimum of $1, trade equals lottery, great prizes await you!
Activity duration: August 19, 2026, 10:00 to September 19, 2026, 10:00 (UTC)
Participation threshold: Exclusive to Chinese-speaking users; start from a minimum of $1.
Core mechanism: Complete designated trading tasks to earn lottery tickets, 100% win rate, with a chance to win up to $1,000 GOOGLx spot airdrop, with others being popular US stock token airdrops!
🎁 1. New User Exclusive (Most Recommended to Complete First)
- First CFD trading volume greater than $1: +1 lottery ticket
- First Perp trading volume greater than $1: +1 lottery ticket
🏆 2. Advanced Ladder Tasks (The more you trade, the more lottery chances you get)
Task 1: TradFi CFD Transactions
- Trading volume greater than $1,000,000: +1 ticket
- Trading volume greater than $5,000,000: +1 ticket
- Trading volume greater than $10,000,000: +1 ticket
Task 2: Stock Contracts (TradFi Perp) Transactions
- Trading volume greater than $50,000: +1 ticket
- Trading volume greater than $200,000: +1 ticket
- Trading volume greater than $500,000: +1 ticket
- Trading volume greater than $1,000,000: +1 ticket
"Don't rush into million-dollar trading volumes when these activities start. First, use $1 to complete both CFD and Perp once, get the tickets, and then decide whether to stack with your pre-planned hedge trades. Benefits are an accelerator, not a reason to open positions."
4. September Trading Checklist
Priority Observation Indicators: Don’t confirm new highs in the index as a one-way signal, prioritize watching the 10-year US Treasury yield and the US dollar index.
Reject High-Leverage Betting: Don’t use high-leverage Perps to bet on "September will definitely have a rate cut/increase," as policy pricing will oscillate between data releases.
Beware of Structural Decoupling: AI continues to be selective; leading stocks can strengthen independently, while components and second-line chips might completely decouple from the index.
Distinguish Position Costs: Do not mix understanding of the same underlying in spot, CFDs, and Perps. First clarify overnight fees and funding fees, then discuss direction.
Participate in Activities in a Rhythmic Manner: Complete the $1 new user task first, then layer in CFDs/stock contract ladders according to your own hedging and trading rhythm.
In conclusion: The future is not about "whether US stocks can be bought," but rather "for the same US stock, do you want to use allocation trades, CFD trades, or 24-hour Perp trades to express your views."
5. Exclusive Benefits Access
If you want to directly participate in US stocks, commodities, and index volatility using USDT, you can enter through the exclusive channel:
Exclusive direct access channel:
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Exclusive privilege invitation code for Chinese speakers: 34429
Official Telegram community:
AiCoin Chinese Twitter:
Bybit benefits group:
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Disclaimer: This article is solely a compilation of macro viewpoints and activity information sharing, and does not constitute any investment advice. CFD, TradFi perpetuals, and other derivative transactions carry high market risks, which may lead to rapid losses of principal. Please make rational decisions based on your own risk tolerance, and refer to the latest rules on the Bybit official activity page.
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