Digital Currency

Add as a preferred source on Google

Binance Ether Perpetual Market Shows $3.11 Million Bid Surplus

Coinbase’s spot book also favored bids on a smaller scale. Ether was priced at $2,322.80 in the Binance reading.

Updated 1 min read
A graphic shows bid and ask depth in Binance’s Ether perpetual market. / TokenPost.ai (mono)
A graphic shows bid and ask depth in Binance’s Ether perpetual market. / TokenPost.ai (mono)

On Oct. 27, Binance’s Ether (ETH) perpetual book listed $63.0311 million in bids against $59.9213 million in asks, leaving bids ahead by $3.1098 million as Ether traded at $2,322.80.

Buy orders totaled $63.0311 million, compared with $59.9213 million in sell orders. Ether was priced at $2,322.80 in the reading.

Coinbase’s spot book also favored bids, though its reported scale was smaller than Binance’s perpetual market. The snapshot records displayed depth around the market price, but provides no evidence of later executions or how long orders stayed listed.

The bid-side margin was larger than the $2.43 million advantage in Binance’s Oct. 22 perpetual-market reading, covered in EconoTimes’ earlier report.

Related articles

View all