Live P2P Radar Capture: 4/10/2026, 4:00:09 p. m.
USDT/VES reference Bs. 976.05
Buy USDT Bs. 976.05
Sell USDT Bs. 950.95
BCV Bs. 871.37
Premium vs BCV 12.01%
P2P spread 2.64%
Observed offers 259
Check current data on Radar P2P
The P2P USDT market in Venezuela closed the trading day of October 4, 2026 (20:00 UTC, 16:00 local time) with a sign that the day's rate doesn't yet show: the order book records 467,466.53 USDT in buy orders against just 74,851.37 USDT in sell orders. There are 6.2 times more volume waiting to buy than volume willing to sell, a 72.4% imbalance.
The baseline data from the same snapshot: BCV at 871.3689 Bs/USD, USDT P2P at 976.0529 Bs to buy and 950.9533 Bs to sell, with 278 active offers. The premium over BCV is 12.01%, and the spread between the best buy price and the best sell price is 2.64% (25.0996 Bs). Put into simple calculations based on those reference rates: 100 USDT is worth around 95,095.33 Bs, and one million bolívares buys about 1,051.58 USDT.
📊 The order book in detail: six times more buy volume than sell volume
The complete order book, captured at 19:59:43 UTC, has one notable feature: there are 28 active offers on each side, but the volumes are radically different. Each buy order averages about 16,695 USDT; each sell order, about 2,673 USDT. It is not that sell offers are missing: each one is simply much smaller.
• Buy side (bids): the best level is 973.60 Bs, with 7,400.06 USDT at Banesco. Below are large walls: 29,537.47 USDT at 973.55 (Banco de Venezuela), 34,438.21 at 973.50, 51,760.15 at 973.10, and 39,085.96 at 973.00. Further down, a block of 100,000 USDT at 968.00 through other platforms.
• Sell side (asks): the best price is 973.69 Bs, with just 1,309.97 USDT at Banesco. The next significant level is 37,101.99 USDT at 974.00, split across three orders. After that, a series of small blocks that run out quickly.
Calculation: moving through the entire visible sell side (74,851 USDT) would raise the book's ceiling from 973.69 to 979.00 Bs, a move of just 0.55%. Absorbing the entire buy side (467,466 USDT) would move the floor from 973.60 to 968.00 Bs, or 0.58%. The difference is the cushion: the buy side has 6.2 times more depth than the sell side for almost the same price impact. This asymmetric cushion is the best explanation for the sustained spread.
📈 Where the liquidity is: Banesco, Pago Móvil, and the rest
The concentration by bank reinforces this reading. Banesco accounts for 31% of liquidity, with 27 listings and a score of 99 points; Pago Móvil contributes 21.8%, with 19 listings and a score of 73. Together, they account for more than half of the market.
Bank / method Liquidity Listings Score Internal spread
Banesco 31.0% 27 99 0.45%
Pago Móvil 21.8% 19 73 0.61%
Banco de Venezuela 12.6% 11 60 0.15%
Other method 12.6% 11 58 0.76%
BANK 9.2% 8 55 n/a
Mercantil 4.6% 4 47 0.18%
Provincial 2.3% 2 44 n/a
Banco Plaza 1.1% 1 42 n/a
Takeaway: the eight banks listed add up to less than 100%, leaving the remainder distributed across methods not listed in this snapshot. Banesco is the only one with a score above 90 and also the only one that appears extensively on both sides of the book, making it the market's operational benchmark.
🔎 Why the premium is holding at 12.01% with a 2.64% spread
The parallel dollar rate in the same snapshot is 974.97 Bs, with a spread of just 3 Bs (0.31%). USDT P2P is at 976.0529 Bs to buy. They are practically aligned. Interpretation: the 12.01% premium is not a P2P-only phenomenon, but reflects the gap between the market exchange rate and the official BCV rate.
With the sell side running out after just 0.55% of movement, any sustained demand pushes prices up with little effort, supporting the premium even though the traffic light is not green. Data warning: the sell rate reported by Radar (950.9533 Bs) is below the best visible bid in the order book (973.60 Bs). This discrepancy should be checked directly on the platform before any trade, because this snapshot does not show which specific offers feed into that rate.
💰 P2P traffic light is yellow: the nine components
The traffic light ends at 71 points and a yellow status, labeled "moderate caution." A breakdown of its nine metrics explains the result:
📖 Read the full article: https://pitbullchain.com/noticias/usdt-ves-la-compra-sextuplica-a-la-venta-y-la-prima-se-sostiene-en-12-01
https://public.bnbstatic.com/image/pgc/20261004/fb45fa67512a490ca78b788926251caa.jpg
📊 Live rates and analysis at https://pitbullchain.com
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