Binance Spot Bitcoin Book Shows $4.06 Million Bid Advantage

Bitcoin (BTC) was priced at about $84,576 as near-term order-book depth varied across five markets, with spot books on Binance and Coinbase showing more bids than asks and perpetual books on Binance and Hyperliquid showing more asks.

Binance spot listed about $13.95 million in bids and $9.90 million in asks, a bid advantage of roughly $4.06 million. Coinbase spot showed about $27.36 million in bids against $21.02 million in asks, a difference of about $6.33 million.

The pattern reversed in perpetual markets. Binance’s perpetual book had about $42.53 million in asks and $32.65 million in bids. Hyperliquid’s perpetual book showed about $4.95 million in asks versus $3.60 million in bids.

OKX perpetuals were closer to balanced, with about $15.52 million in bids and $14.50 million in asks. Hyperliquid had the lowest listed bid depth among the five markets.

The figures describe near-term order-book depth. A large market order may encounter greater slippage on Hyperliquid.