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Binance Ether Perpetual Book Showed $3.88 Million Bid-Side Lead Nov. 5

The snapshot put bid-side liquidity at $52.679 million and ask-side liquidity at $48.8013 million, with Ether at $2,427.42.

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A brass balance holds more discs on one side than the other. / TokenPost.ai
A brass balance holds more discs on one side than the other. / TokenPost.ai

A Nov. 5 snapshot showed Binance's Ether (ETH) perpetual book with $3.8777 million more bid-side liquidity than ask-side liquidity, the largest book among the venues it covered.

The bid side listed $52.679 million in liquidity, while the ask side showed $48.8013 million. These are amounts displayed in the order book, not completed trades. The snapshot also listed Ether at $2,427.42.

OKX's perpetual market had more bid-side than ask-side liquidity as well, but its book was smaller overall than Binance's. Sudden large orders may have a greater effect on prices at exchanges with thinner books.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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