BTC HL Perps Current state of spreads over on BTC HL Perp since absence of large HL & Binance MM BTC Previous spreads & liquidity ~ 392 BTC = 0.26% price impact BTC Current state of spreads ~ 205 BTC = 1% + price impact This was just a short closing out by looks of it too, which means liquidity is thin af to the upside bid liquidity around 108K ish ask liquidity around 113K ish I do expect better spreads at some point next week(Skew Δ)