Bitcoin Order Books Show Thinnest Perpetual Bids on Hyperliquid

Bitcoin (BTC) traded near $85,852 as order book bids and asks varied across five spot and perpetual markets, with Hyperliquid showing the smallest bid total among the venues covered.

Binance spot bids were about $14.63 million, compared with $11.39 million in asks. That left bids ahead by about $3.25 million.

Coinbase spot bids were about $20.63 million and asks were about $22.66 million. The figures describe the two sides of its spot order book.

In perpetual markets, Binance had about $36.94 million in bids and $39.37 million in asks. OKX had about $12.54 million in bids and $14.04 million in asks.

Hyperliquid perpetual bids were about $6.46 million, against $4.85 million in asks. If a large market order occurs, slippage may be more pronounced on Hyperliquid.