BTC cross-exchange near-end depth differentiation, Binance spot buy orders at 14.63 million USD, Hyperliquid only at 6.46 million USD

According to the market intelligence platform Liquid247.xyz, the current price of BTC is approximately $85,852. The near-term buy depth on Binance is about $14.63 million, and the sell depth is about $11.39 million, with a net buy of approximately $3.25 million; the perpetual buy depth on Binance is about $36.94 million, and the sell depth is about $39.37 million, with a net sell of approximately $2.43 million; the spot buy depth on Coinbase is about $20.63 million, and the sell depth is about $22.66 million.

The perpetual buy depth on OKX is about $12.54 million, and the sell depth is about $14.04 million, while Hyperliquid has a perpetual buy depth of only about $6.46 million and a sell depth of about $4.85 million. The buy and sell depth on Binance is the most significant among all venues, while Hyperliquid's buy depth is relatively the thinnest. If a large market order occurs, the slippage on the Hyperliquid side may be more pronounced.