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Near-term Bitcoin sell orders on Binance exceed buy orders by $25.47M, signaling selling pressure.

Market News
03 Nov 2026, 06:33 WIB
Tokenpost
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Bearish
Near-term Bitcoin sell orders on Binance exceed buy orders by $25.47M, signaling selling pressure.

On Binance, near-term sell orders for Bitcoin surpass buy orders by $25.47 million, with a large 405.83-BTC sell order valued at about $31.29 million listed at $77,090. Total near-term sell orders amount to approximately $84.99 million, compared to $59.52 million in buy orders, indicating a selling pressure of 17.63% of total market depth. This imbalance suggests cautious sentiment among traders, potentially impacting Bitcoin's short-term price movements.

Binance Bitcoin perpetuals show a significant near-term sell order imbalance of $25.47 million, with a large 405.83-BTC sell order valued at about $31.29 million at $77,090. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 03, 2026 11:21 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Notable movers include ONE (Harmony) down 5.93% with 95% sell orders, ZIL (Zilliqa) down 5.81% with 63% sell orders, and COTI down 5.51% with 57% sell orders.

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