In Binance’s Bitcoin (BTC) perpetual futures market on Saturday, Nov. 7, displayed sell orders came to $58.51 million, $7.47 million more than bids.
Bids are posted buy orders, while asks are posted sell orders. Bids totaled $51.04 million, putting combined displayed depth at $109.55 million; the ask-side gap equaled 6.82% of that total.
At $75,943, one displayed bid represented about 150.16 BTC, valued at roughly $11.4 million. Its price was about 0.10% below the $76,020 midpoint.
A Wednesday, Nov. 4 snapshot of the same Binance market showed bids ahead by $28.74 million. The readings show different balances at separate capture times; neither establishes what became of the displayed orders afterward.
