@misc{lim2026_ssrn_6891658,
  author = {Lim, Boon Chuan},
  title = {Hidden Liquidity, Displayed Depth, and Execution Risk During a Bitcoin Perpetual Futures Liquidation Cascade},
  year = {2026},
  doi = {10.2139/ssrn.6891658},
  url = {https://doi.org/10.2139/ssrn.6891658},
  note = {Working paper / preprint}
}