Binance Bitcoin Perpetual Sell Orders Exceed Buys by $9.58 Million
Photo: TokenPost
Bitcoin (BTC) traded at $83,443 as Binance’s perpetual market showed $42.08 million in sell orders and $32.50 million in buy orders, a sell-side gap of about $9.58 million. Coinbase’s spot market also had more sell orders than buy orders, though its imbalance was smaller than Binance’s perpetual-market gap. A sudden large trade can affect exchanges with thinner order books first, making price swings more pronounced. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
