Key Takeaways
- • Binance's BTC perpetual futures order book on November 7 showed total asks of $58.51 million against total bids of $51.04 million, a $7.47 million (6.82%) excess on the sell side, according to Pluang's report.
- • The largest visible bid was about 150.16 BTC at $75,943, slightly below the order book midpoint of $76,020.
- • The imbalance signals more selling interest than buying at the snapshot time, which the report says could influence short-term price movement.
- • On Pluang's November 9 market snapshot, 45 of 50 major cryptocurrencies fell, with XTZ showing 90% sell order activity.
Summary
According to Pluang, Binance's Bitcoin perpetual futures order book on November 7 showed a bid for roughly 150.16 BTC at $75,943, just below the midpoint price of $76,020. Total bids stood at $51.04 million, while asks reached $58.51 million, leaving a $7.47 million excess on the ask side. Pluang characterized this 6.82% imbalance as evidence of greater near-term selling interest than buying interest, a condition it said could affect short-term price direction. The report presents the data as a snapshot of market depth and trader sentiment on Binance's BTC futures market rather than a forecast.
Pluang's broader market snapshot, dated November 9, 2026 at 06:31 WIB, showed declines across the market: of 50 major cryptocurrencies priced on the platform, four rose and 45 fell. Notable movers included XNO, down 6.39% to Rp5.362 with 73% sell and 27% buy order activity; THETA, down 5.45% to Rp2.464 with 21% sell and 79% buy activity; and XTZ, down 5.18% to Rp4.488 with 90% sell and 10% buy order activity. Pluang highlighted the 90% sell share on XTZ as the most notable figure in its snapshot.
The article's order book data is a single point-in-time reading and does not by itself indicate sustained directional pressure. Readers should weigh it alongside broader market depth and flow data.
Pluang's broader market snapshot, dated November 9, 2026 at 06:31 WIB, showed declines across the market: of 50 major cryptocurrencies priced on the platform, four rose and 45 fell. Notable movers included XNO, down 6.39% to Rp5.362 with 73% sell and 27% buy order activity; THETA, down 5.45% to Rp2.464 with 21% sell and 79% buy activity; and XTZ, down 5.18% to Rp4.488 with 90% sell and 10% buy order activity. Pluang highlighted the 90% sell share on XTZ as the most notable figure in its snapshot.
The article's order book data is a single point-in-time reading and does not by itself indicate sustained directional pressure. Readers should weigh it alongside broader market depth and flow data.
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