Binance Ether Perpetual Book Showed $3.88 Million Bid-Side Lead Nov. 5

A Nov. 5 snapshot showed Binance's Ether (ETH) perpetual book with $3.8777 million more bid-side liquidity than ask-side liquidity, the largest book among the venues it covered.

The bid side listed $52.679 million in liquidity, while the ask side showed $48.8013 million. These are amounts displayed in the order book, not completed trades. The snapshot also listed Ether at $2,427.42.

OKX's perpetual market had more bid-side than ask-side liquidity as well, but its book was smaller overall than Binance's. Sudden large orders may have a greater effect on prices at exchanges with thinner books.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].