# Bitcoin Perpetual Order Book Shows $6.2725 Million Sell-Side Lead By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/51974 Published: 2026-11-09T01:11:18.000Z Updated: 2026-11-09T01:11:18.000Z Section: Investing > 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. ## Links in this article - [separate Binance Bitcoin perpetual order-book snapshot](https://www.tokenpost.com/news/investing/46027)