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Add as a preferred source on GoogleBinance Bitcoin Perpetual Sell Orders Exceed Buys by $9.58 Million
Bitcoin traded at $83,443 in the snapshot. Coinbase’s spot market also showed more sell orders than buy orders, with a smaller imbalance.
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Bitcoin (BTC) traded at $83,443 as Binance’s perpetual market showed $42.08 million in sell orders and $32.50 million in buy orders, a sell-side gap of about $9.58 million.
Coinbase’s spot market also had more sell orders than buy orders, though its imbalance was smaller than Binance’s perpetual-market gap.
A sudden large trade can affect exchanges with thinner order books first, making price swings more pronounced.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.