Binance Spot Bitcoin Order Book Shows $5.85 Million Bid Lead

Binance’s Bitcoin (BTC) spot order book had $5.8514 million more in bids than asks, while its perpetual market had a smaller gap. The spot book listed $11.6412 million in bids and $5.7898 million in asks. The perpetual market also had more bids than asks, with a surplus below the spot market’s $5.8514 million lead. Sudden large buy or sell orders can affect exchanges with thinner order books first, making price moves more pronounced. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.