OKX Bitcoin Perpetual Book Shows $18.92 Million Sell-Side Lead

Sell orders outweighed buy orders by about $18.92 million in figures for OKX’s Bitcoin (BTC) perpetual futures book circulated Oct. 27, showing more posted supply than demand near the quoted midpoint.

Nearby sell orders totaled about $30.83 million, while buy orders totaled $11.91 million. The difference represented 44.27% of their combined depth.

About 245.52 BTC in sell orders sat at the $79,850 price level, worth approximately $19.6 million at that price. The level was about 0.05% above the quoted midpoint of $79,811. The figures describe orders available on the book, not completed trades.

An earlier look at the OKX perpetual book on Oct. 18 showed a $15.06 million sell-side lead and 102.76 BTC offered at $81,675. The two readings were taken at separate points in time and do not establish how the book changed between them.