diff --git a/static/hub.js b/static/hub.js
index 3627156..d37c1df 100644
--- a/static/hub.js
+++ b/static/hub.js
@@ -207,17 +207,26 @@
 
   function isLiquidityWeak(p) {
     if (!p) return false;
-    if (p.liquidity_ok === false || p.bid_invalid) return true;
+    // 仅明确残档/流动性不足时标黄;liquidity_ok==null 表示未同步,不标黄
+    if (p.bid_invalid || p.liquidity_ok === false) return true;
     const uncovered = Number(p.uncovered_sheets);
     return Number.isFinite(uncovered) && uncovered > 0;
   }
 
   function bidLiquidityLine(p) {
-    if (p.bid_invalid || (p.bid_px == null && (p.bid_sz == null || p.bid_sz === ""))) {
+    const noBid = p.bid_px == null && (p.bid_sz == null || p.bid_sz === "");
+    if (p.bid_invalid) {
       const reason = (p.bid_invalid_reason || "无买一/残档").toString();
       const short = reason.length > 18 ? reason.slice(0, 18) + "…" : reason;
       return { text: short, weak: true };
     }
+    if (noBid) {
+      // 已判定流动性不足 → 标黄;否则视为未同步,显示 —
+      if (p.liquidity_ok === false) {
+        return { text: "无买一", weak: true };
+      }
+      return { text: "—", weak: false };
+    }
     const px = fmtBidPx(p.bid_px);
     const sz = p.bid_sz != null ? String(p.bid_sz) : "—";
     const uncovered = Number(p.uncovered_sheets);