Binance Spot Ether Sell Orders Outweigh Buys by $3.81 Million

A Binance spot Ether (ETH) order-book snapshot showed $3.8126 million more sell orders than buy orders, indicating a sell-side imbalance in the market depth captured by the figures.

The snapshot listed $11.579 million in sell orders and $7.7664 million in buy orders on Binance spot. Ether’s quoted market price was $2,456.92. That price was separate from the order totals and did not represent the price of every listed order.

Binance perpetual futures and Coinbase spot also showed more sell orders than buy orders. The orders described in those markets were on a smaller scale than those on Binance spot. The comparison covers the three named markets, rather than every exchange or the full Binance order book.

The figures describe listed orders in a single snapshot, not completed trades. They do not establish how the orders changed afterward or whether the imbalance affected Ether’s price.