Tuesday, September 22, and Binance P2P wakes up with 234 active offers. Sounds like a crowded market, right? Well... the number of ads is NOT the same as real liquidity. 🐶
Today's outlook:
• Buy $USDT: Bs. 966,64
• Sell $USDT: Bs. 923,41
• Spread: Bs. 43,24 (4,68%)
• BCV: Bs. 852,42 → prime P2P of 13,40%
Now the detail that almost nobody checks: within Binance, the buy and sell move between Bs. 959,02 and Bs. 956,01. An extremely tight range. What does that mean? That real depth is concentrated among a few large advertisers, and that those 234 offers are not all at the same level in terms of amount or credibility. There is a lot of listing that only takes up space on the list.