A Nov. 12 snapshot of four Bitcoin order books found Binance’s perpetual market was the only one with more displayed buy value than sell value, providing a point-in-time view of market depth.
Binance’s perpetual book listed $47.07 million in bids and $42.36 million in asks, leaving a $4.71 million bid-side gap. Bids are displayed buy orders; asks are displayed sell orders.
Displayed sell-side value was higher in the other three books: Binance spot, Coinbase spot and OKX perpetual. The totals reflect orders visible in the snapshot, not trading volume, and do not show whether those orders later executed.
A separate earlier EconoTimes reading of Binance’s perpetual book showed a $22.22 million bid surplus, a different point-in-time measurement.
