A Nov. 9 Binance capture put displayed buy orders $22.22 million above sell orders in its Bitcoin (BTC) perpetual market, offering a one-time view of orders near the market price.
The gap came from $63.9 million in displayed bids and $41.68 million in asks across nearby price levels. Bids are buy orders; asks are sell orders.
At $73,700, the book listed a buy order for about 240.86 BTC, worth roughly $17.75 million. The price was 0.19% below the capture’s $73,839 midprice. The order accounted for one segment of the depth included in the totals.
A single capture offers no trail of what happened next to the listed orders or how displayed depth moved between readings.
A separate Nov. 4 EconoTimes snapshot of Binance’s perpetual market showed a $28.74 million bid-side lead. The two captures describe different balances at distinct moments.
