Stop clusters versus order-book depth on Hyperliquid

Mid 77,618 Spread 1.000 Book levels 11,751 / 9,643 Stops vs book -

Stop size on its own is not a signal. A large cluster sitting on deep resting liquidity is absorbed; the same size sitting in a hole is a squeeze. Both sides below are read from one walk of one node state file, so they share a timestamp exactly — no alignment window, no interpolation. Rows where stops outweigh the book by 1.5× or more are marked.

Resting book depth Stop triggers Stops outweigh book
PriceBook ←Size → StopsOrdersRatio
83,516 6.04 29
83,206 4.62 32 2.1×
82,895 20.65 51
82,585 7.93 36
82,275 14.58 58
81,964 35.39 124
81,654 35.66 52
81,343 15.20 44
81,033 50.45 58
80,722 40.04 74
80,412 17.43 67
80,101 9.95 78 4.8×
79,791 257 156
79,480 85.46 104
79,170 102 113
78,859 67.13 248
78,549 422 109
78,238 172 171
77,928 477 264
77,618 945 195
77,307 725 99
76,997 580 260
76,686 289 236
76,376 372 144
76,065 203 518
75,755 333 433
75,444 148 223
75,134 151 127
74,823 293 277
74,513 262 211
74,202 475 169
73,892 227 170
73,581 95.76 73
73,271 273 86
72,960 71.17 92
72,650 403 64
72,340 61.18 75
72,029 31.86 20
71,719 54.27 85
71,408 30.67 49

Sizes are in BTC, not USD.