Markets· ★★· neutral·

Binance ETH futures order book shows $8.57M buy wall at $2,436

  • —Buy orders worth $8.57M sit 0.31% below the $2,443.56 mid-price
  • —Near the mid-price, bids total $65.5M versus $49.7M in asks
  • —The buy-side surplus equals 13.7% of total tracked order-book volume
  • —US spot ETH ETFs saw $26.1M in net outflows on Oct. 20, while BTC ETFs drew $23.2M
Why it matters: Large order-book walls can be pulled before execution, so they do not by themselves guarantee an ETH rally.
Source: TokenPost