Digital Currency

Add as a preferred source on Google

Binance Ether (ETH) Perpetual Market Shows an $8.34 Million Bid Lead

A bid for 3,372.56 ETH at $2,118 was $10.88 below the $2,128.88 midpoint.

Updated 1 min read
An editorial graphic compares posted buy and sell liquidity in Ether perpetual contracts. / TokenPost.ai
An editorial graphic compares posted buy and sell liquidity in Ether perpetual contracts. / TokenPost.ai

A Nov. 9 order-book reading put bids in Binance’s Ether (ETH) perpetual market $8.34 million ahead of asks, offering a momentary measure of posted liquidity.

Buy orders were valued at about $66.29 million and sell orders at $57.95 million. The $8.34 million gap accounted for 6.71% of about $124.24 million in combined depth.

At $2,118, the order book showed a bid for 3,372.56 ETH, valued at $7.14 million. At that level, the bid was $10.88 under the $2,128.88 midpoint, a 0.51% difference.

The bid-side advantage was wider than the $2.62 million margin in EconoTimes’ Nov. 8 Binance Ether perpetual snapshot. Ether was priced at $2,233.04 in that earlier reading.

The snapshot records posted depth; it provides no later execution or order-duration data.

Related articles

View all