Binance’s Ether (ETH) perpetual futures book showed $11.73 million more in nearby bid value than ask value in an Oct. 20 snapshot, reversing the sell-side balance recorded Oct. 17.
Bids near the market totaled $61.35 million, compared with $49.62 million in asks. The gap represented 10.57% of the $110.97 million in combined displayed depth.
The result contrasts with an Oct. 17 Binance perpetual reading, when ask value exceeded bid value by $8.52 million. That snapshot showed $45.83 million in asks and $37.31 million in bids.
At $2,406.87, displayed bid value was roughly $5.98 million, representing about 2,484.3 ETH. That was about 51% of the Oct. 20 gap between bids and asks. The price level was $1.13, or 0.05%, below the $2,408 midpoint.
Order-book depth measures the value of visible bids and asks near the market. These snapshots record posted value at particular moments; they do not count individual orders, show completed trades or establish whether the displayed bid value later traded.
