Bitcoin Order Book Shows $2.55 Million Bid Surplus on Binance Perpetuals

A snapshot showed a $2.55 million bid surplus on Binance’s perpetual market, while Binance and Coinbase spot markets showed more asks than bids.

The Binance perpetual book listed $35.8518 million in bids and $33.3059 million in asks. The $2.5459 million difference rounds to $2.546 million, or about $2.55 million.

Asks exceeded bids in both Binance’s spot market and Coinbase’s spot market. Each spot book was smaller than Binance’s perpetual book, making the bid-side tilt specific to the perpetual market in this snapshot rather than a pattern across the spot books.

A sudden large buy or sell could move thinner books first, making price swings more pronounced.