A Nov. 11 reading of Binance’s Ether (ETH) perpetual order book put displayed sell-side depth $1.82 million above the buy side, while Coinbase’s spot market showed a buy-side tilt.
Sell-side depth on Binance totaled $59.04 million, compared with $57.22 million in buy-side depth. Ether was priced at $2,070.33 in the reading.
Visible liquidity leaned toward asks on Binance perpetuals and bids on Coinbase spot, with less total displayed depth on Coinbase.
The $1.82 million gap measures displayed value, not the number of orders. Each total reflects the value visible on one side of the book in that snapshot.
The Nov. 11 reading reversed the direction shown in EconoTimes’ Nov. 8 Binance perpetual snapshot, when bids totaled $64.9736 million against $62.3569 million in asks, a $2.6167 million lead. Ether was priced at $2,233.04 in that earlier reading.
