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

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