Binance Spot Ether Orders Show $5.6 Million Bid-Side Lead

Ether (ETH) was priced at $2,307.67 in an Oct. 29 snapshot that showed Binance spot bids $5.6032 million above asks and the largest buy-side total among the three markets. Binance spot buy orders totaled $14.0877 million, compared with $8.4845 million in sell orders. Coinbase spot and OKX perpetual markets also had more buy orders than sell orders, though their buy-side totals were smaller than Binance spot’s. Order-book depth reflects buy and sell orders close to the current price. A sudden large order can shift prices more sharply on venues with thinner books.