Binance Ether (ETH) Perpetual Book Shows $1.82 Million Sell Lead

Binance’s Ether (ETH) perpetual market showed $1.82 million more visible sell-side than buy-side depth in a Nov. 11 snapshot, while Coinbase’s spot book showed the opposite balance.

ETH was priced at $2,070.33. Binance’s perpetual order book listed $59.04 million in sell-side depth and $57.22 million in buy-side depth, a difference of $1.82 million.

Coinbase’s spot book had greater buy-side than sell-side depth. Its overall depth was smaller than Binance’s perpetual book, so the comparison showed different imbalances across the two venues and market types. A prior Binance Ether perpetual-book reading covered a separate snapshot.

A sudden large buy or sell order can affect a thinner book first, where price moves may be sharper. The snapshot did not report that such an order had occurred.