Bitcoin (BTC) Snapshot Shows $4.71 Million Binance Perpetual Bid Lead

A Nov. 12 Bitcoin (BTC) market snapshot showed Binance perpetual bids exceeding asks by $4.71 million, while sell orders outweighed bids on three other listed markets.

Binance’s perpetual market had $47.07 million in buy orders and $42.36 million in sell orders. The totals represent displayed orders in the snapshot, not trading volume.

Sell orders were heavier than buy orders on Binance spot, Coinbase spot and OKX perpetual markets. Binance perpetual was the only one of the four listed markets with a bid-side lead.

The reading adds to TokenPost’s earlier Binance Bitcoin perpetual order-book coverage, which described a separate $22.22 million bid lead. A large trade can have a greater effect on a thinner order book, where price moves may be more pronounced.