Binance Bitcoin Perpetual Book Shows $8.29 Million Sell-Side Gap

Binance’s Bitcoin (BTC) perpetual order book showed about $8.29 million more sell orders than buy orders across nearby price levels, a snapshot of displayed trading interest rather than completed transactions.

Sell orders across those levels totaled about $46.13 million, compared with $37.84 million in buy orders. The difference represented 9.88% of their combined value. It measured the balance of orders visible in the book at that moment, not the amount of Bitcoin sold.

At a single price level, offers for about 100.023 BTC stood at $75,933. Those offers had a notional value of about $7.595 million. The level was $100, or about 0.13%, above the book’s $75,833 midpoint.

The $7.595 million figure covers that one sell level, while the $46.13 million total covers nearby sell levels. Both figures describe orders posted in Binance’s perpetual market. They do not establish that any of those orders were filled.