Bitcoin’s Binance Perpetual Book Shows a $10.08 Million Bid Lead

The Thursday snapshot showed $60.76 million in nearby Binance perpetual bids, $10.08 million more than asks. Binance’s perpetual book listed $50.68 million in nearby asks. Binance’s and Coinbase’s spot books each showed more asks than bids, and both were smaller than Binance’s perpetual book in the snapshot. Order-book figures reflect orders posted at a particular moment and market, rather than total Bitcoin trading across exchanges. A sudden large buy or sell could move a thinner order book first and make price swings more pronounced.