Hyperliquid Ether Contract Shows $5.15 Million Sell Order

A Hyperliquid perpetual Ether (ETH) contract showed a $5.15 million sell order at $2,493.20 on Oct. 9, with nearby bid and ask depth closely balanced in the snapshot.

The order represented 2,064.49 ETH and was priced about 0.02% above the market’s $2,492.75 midpoint.

Nearby buy orders totaled about $12.75 million, while sell orders reached approximately $12.84 million. The difference gave the sell side an advantage of roughly $90,900, equal to 0.36% of the combined order-book depth.