Add as a preferred source on GoogleBitcoin Perpetual Order Book Shows $6.2725 Million Sell-Side Lead
Coinbase and Binance spot books also had more sell orders than buy orders, with lower totals than Binance’s perpetual market.
A Bitcoin (BTC) order-book snapshot showed Binance perpetual sell orders ahead of buy orders by $6.2725 million, a skew in displayed liquidity that can matter when large trades hit the market.
The book showed $46.902 million in sell orders against $40.6295 million in buy orders. TokenPost previously covered a separate Binance Bitcoin perpetual order-book snapshot.
The same snapshot showed more sell orders than buy orders on Coinbase’s and Binance’s spot markets, though both had lower totals than Binance’s perpetual market. Order-book depth reflects displayed buy and sell orders; thinner books can be more susceptible to sharper price moves when a large order arrives.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.