Binance Spot Bitcoin Book Shows $3 Million More in Sell Orders

Bitcoin (BTC) was at $77,052 in the Nov. 3 snapshot. Binance spot had the largest sell-side order total among the books included, with $3.0007 million more in sell orders than buys.

The spot book listed $12.3377 million in sell orders and $9.337 million in buy orders. Sell orders also topped buys in perpetual markets at Binance, OKX and Hyperliquid, although none showed as much sell-side depth as Binance spot.

The reading differs from a Nov. 1 Binance spot-book snapshot, which showed $10.1698 million in buy orders and $6.8853 million in sells, a $3.2845 million buy-side lead. The two observations capture separate points in time.

An order-book snapshot records displayed buy and sell totals at one observation time. It does not establish that a large trade was executed or show how Bitcoin's price moved afterward.