Ether’s Binance Spot Book Shows a $4.22 Million Bid Advantage

Ether (ETH) was priced at $2,238.88 in a market snapshot that showed Binance’s spot order book with $12.1562 million in bids and $7.9391 million in asks, a $4.2171 million bid advantage. Binance perpetuals showed a different balance, with sell orders exceeding buy orders by $6.9951 million. The figures describe the spot and perpetual markets at the time of the snapshot. Bids are orders to buy, while asks are orders to sell. A large order can have a greater effect on a thinner order book, where fewer displayed orders are available to absorb it. A prior Binance Ether order-book snapshot also showed a spot-market bid lead. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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