Binance Perpetual Ether Market Shows $15.38 Million Buy-Side Lead

Ether (ETH) was priced at about $2,676.65 in the market snapshot, where Binance’s perpetual market had the largest nearby buy-side order depth among the listed venues, at about $64.77 million.

That was about $15.38 million more than the $49.39 million in nearby sell orders. Binance spot, Coinbase spot and OKX perpetual markets also showed more nearby buy orders than sell orders.

Coinbase spot had the largest buy-side lead among those three markets, at about $3.95 million. Hyperliquid perpetual trading was the only listed market with more nearby sell orders, showing about $10.19 million in sells against $9.42 million in buys, a difference of about $768,800.

Hyperliquid’s thinner buy side could mean greater slippage for a large market order, as the order would encounter less displayed buying depth.