Binance Bitcoin Perpetual Futures Order Book Shows $8.95M Sell-Side Imbalance
- —Binance futures sell orders: $55.26M vs $46.31M in buy orders
- —Net sell-side imbalance: $8.95M
- —Spot market showed buy-side dominance, but at a smaller scale
- —BTC price at 12:03 on October 9: $82,401
Why it matters: The sell-side imbalance in futures signals trader caution, though orders can be canceled and do not guarantee downward price pressure.
Source: TokenPost