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 Liquid24/7.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.