USDT and the Korean KRW are having more trading volume for HIVE then BTC.
We all know that BTC drives the markets, but as it seems now HIVE has more liquidity and trading volume in other pairs.
The trading volume should be taken with reserve as it can be faked to a degree and run by bots, but even if we check Binance, where HIVE has USDT and BTC pair, the USDT pair has more volume, 5.5M USDT to 1.4M BTC in the last 24h.
The HIVE/BTC pair is 4th on the list.
The Korean Upbit remains the no.1 market maker for HIVE.