Binance Bitcoin Perpetuals Show About $14 Million Bid-Side Lead

Binance's Bitcoin perpetual order book had about $14.0748 million more in bids than asks on Nov. 3, with a large bid at $76,500 near the market midpoint.

Buy orders totaled about $58.7912 million, compared with about $44.7164 million in asks. The difference was about $14.0748 million, or 13.60% of combined depth, the total of the buy and sell orders shown in the snapshot.

At $76,500, a bid covered about 141.595 BTC, valued at about $10.832 million. That price was roughly 0.12% below the midpoint of about $76,593. Perpetual contracts track an asset's price and have no expiration date.

The $76,500 level is also the upper edge of a $75,000 to $76,500 support range in an earlier TokenPost chart analysis. The chart's analyst-marked range and the Binance order-book snapshot are separate market measures.