Binance ETH futures order book shows $11.2M more in sell orders than buys
- —Sell orders near touch totaled $66.58M versus $55.38M in buys, a $11.2M gap
- —At $2,588, sell orders worth $5.05M sat 0.39% above the $2,578 mid-price
- —Net sell imbalance was 9.18% of total order book depth
- —A single snapshot does not confirm sustained selling pressure
Why it matters: The sell-side imbalance signals near-term pressure on ETH, though resting orders can be cancelled and do not guarantee price direction.
Source: TokenPost