Add as a preferred source on GoogleBinance Bitcoin Spot Buy Orders Exceed Sells by $4.45 Million
Bitcoin was quoted at $82,144. OKX’s perpetual futures book also had more buy orders than sell orders, though it was smaller than Binance’s spot book.
Bitcoin (BTC) was quoted at $82,144 in order-book figures published Oct. 20 that put nearby buy orders on Binance’s spot market $4.45 million above sell orders, showing stronger displayed bids at that moment.
Binance’s spot book listed $12,534,100 in buy orders and $8,082,800 in sell orders. The difference was $4,451,300. These were orders waiting in the market, rather than purchases or sales that had already taken place.
Buy orders also outnumbered sell orders in OKX’s Bitcoin perpetual futures book. That order book was smaller in scale than Binance’s spot book. The Binance figures cover spot trading, while the OKX comparison covers perpetual futures.
A separate Binance spot-market reading showed a $3.9568 million buy-order surplus with Bitcoin at $82,840.
The Oct. 20 figures capture posted orders at one point in time and do not establish a sustained change in demand. A large trade can move prices more sharply in a market with fewer nearby orders.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.