Binance’s Ether Perpetual Book Has an $8.34 Million Bid Surplus

A Nov. 9 snapshot of Binance’s Ether (ETH) perpetual book put near-term bids $8.34 million above asks, including a $7.14 million order priced at $2,118. That bid covered 3,372.56 ETH. Its price was $10.88, or 0.51%, below the $2,128.88 midpoint. Near-term bids totaled about $66.29 million, compared with $57.95 million in asks. The $8.34 million difference equaled 6.71% of combined depth, which was about $124.24 million. TokenPost previously covered another Binance perpetual Ether snapshot that showed a $15.38 million lead in buy-side depth. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.