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Binance Ether Perpetual Book Shows $3.75 Million Bid Surplus

One bid level at $2,036 showed about 2,642.38 ETH, roughly 0.46% below the snapshot’s $2,045.46 midpoint.

By Enna Lee
Published
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Uneven rows of brass and silver markers rest on a dark surface / TokenPost.ai
Uneven rows of brass and silver markers rest on a dark surface / TokenPost.ai

A Nov. 12 snapshot of Binance’s Ether (ETH) perpetual order book showed $3.75 million more visible bids than asks, giving the buy side a lead in displayed market depth.

Buy orders across nearby levels totaled $51.94 million, while sell orders totaled $48.19 million. The $3.75 million difference represented 3.75% of combined depth.

One bid level at $2,036 showed about 2,642.38 ETH, with a nominal value of about $5.38 million. That price was 0.46% below the snapshot’s $2,045.46 midpoint.

A Nov. 11 snapshot of Binance’s perpetual market showed $1.82 million more sell-side depth than 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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