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

A $7.14 million bid at $2,118 sat 0.51% below the market midpoint.

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A weighted balance tilts toward a dense row of metal markers / TokenPost.ai
A weighted balance tilts toward a dense row of metal markers / TokenPost.ai

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

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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