Bitcoin was trading at about $85,852, according to order book monitoring platform Liquid24/7.xyz. The latest snapshot showed that Binance spot had roughly $14.6339 million in near-side bids versus about $11.3857 million in asks, leaving bids ahead by around $3.2482 million. On Binance perpetuals, bids stood at about $36.9404 million while asks reached roughly $39.3698 million, with asks ahead by around $2.4294 million. Coinbase spot showed about $20.632 million in bids and $22.6578 million in asks. OKX perpetuals posted around $12.5392 million in bids and $14.0434 million in asks, while Hyperliquid perpetuals showed about $6.4614 million in bids and $4.8502 million in asks. Among the venues cited, Binance perpetuals had the most substantial order book depth on both sides. Hyperliquid, by contrast, had the thinnest bid side. Liquid24/7.xyz said that if a large market order hits the book, slippage on the Hyperliquid side could be more pronounced.
BTC was trading at about $85,852, according to monitoring data from order book intelligence platform Liquid24/7.xyz.
Depth snapshot across venues
On Binance spot, near-side bid depth was about $14.6339 million, compared with roughly $11.3857 million on the ask side. That left bids ahead by around $3.2482 million.
On Binance perpetuals, bid depth was about $36.9404 million and ask depth was roughly $39.3698 million, putting asks ahead by around $2.4294 million.
On Coinbase spot, bids were about $20.632 million and asks were roughly $22.6578 million.
For OKX perpetuals, bid depth stood at about $12.5392 million, versus around $14.0434 million in asks. Hyperliquid perpetuals showed only about $6.4614 million in bids and roughly $4.8502 million in asks.
What stood out in the books
Among the venues in the snapshot, Binance perpetuals showed the most significant depth on both sides of the book. Hyperliquid had the thinnest bid side. Liquid24/7.xyz said that if a large market order comes through, slippage on the Hyperliquid side could be more noticeable.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
