Binance Perpetual Bitcoin Book Shows $11 Million More in Bids

Binance’s perpetual Bitcoin (BTC) book showed a bid-side lead of $11.03 million in an order-book snapshot. Coinbase’s spot market also had more bids than asks, though its buy-side depth was smaller than Binance’s perpetual-market total. Binance’s perpetual book listed $53.71 million in bids and about $42.68 million in asks. The figures capture order-book depth at one point in time. A sudden large buy or sell order can affect venues with thinner order books first, where price swings can be sharper. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.