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Hyperliquid Bitcoin (BTC) Perpetuals Show $9.85 Million Bid Lead

The Wednesday, Nov. 4 snapshot put BTC at $78,211. Binance spot bids also exceeded asks, but its bid-side depth was smaller.

By Enna Lee
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A dense row of metal bid blocks faces a shorter ask row / TokenPost.ai
A dense row of metal bid blocks faces a shorter ask row / TokenPost.ai

Hyperliquid’s Bitcoin (BTC) perpetual order book showed a $9.8452 million excess of nearby buy orders on Wednesday, Nov. 4, while the same snapshot priced BTC at $78,211.

Bids totaled $12.8841 million, compared with $3.0389 million in asks. Binance’s spot market also had more bids than asks, but its bid-side depth was smaller than Hyperliquid’s perpetual market.

A sudden large order can affect thinner order books first, making price swings more pronounced there.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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