Live P2P Radar Snapshot: 2/11/2026, 2:00:10 a.m.

USDT/VES reference Bs. 1,020.97

Buy USDT Bs. 1,020.97

Sell USDT Bs. 974.28

BCV Bs. 889.58

Premium vs. BCV 14.77%

P2P spread 4.79%

Offers observed 176

Check current data on Radar P2P

The crypto asset market in Venezuela is seeing a day of sharp contrasts between the aggregate exchange rate and execution at the top of the order book. According to data verified by our P2P Radar, the USDT buy rate stands at Bs. 1,020.97 and the sell rate at Bs. 974.28, resulting in an overall spread of Bs. 46.68 (4.79%).

At the same time, the official exchange rate from the Central Bank of Venezuela (BCV) stands at 889.58 Bs. per dollar, while the Binance P2P benchmark for the parallel rate is 994.98 Bs. (with bids at 995.60 Bs. and 994.35 Bs.). This structure places the P2P Traffic Light indicator at 69 points (yellow: moderate caution), driven by strong banking availability (95/100) but constrained by the width of the overall spread (20/100) and medium market depth (45/100).

📊 Premium behavior against the BCV and exchange rate analysis

Comparing official values with the local crypto ecosystem, a direct calculation using the P2P Radar average buy rate gives a premium of 14.77% against the BCV dollar (and an identical premium of 14.77% for the parallel euro at 1,137.66 Bs. against the BCV euro at 991.25 Bs.).

It is important to distinguish between recorded facts and operational calculations:

• Settlement in bolivars: At the current average selling rate (974.28 Bs.), exchanging 100 USDT represents a gross amount of 97,428.35 Bs.

• Crypto asset acquisition: With capital of 1,000,000 Bs., a participant can acquire approximately 1,026.40 USDT at the average buy rate.

• Intraday fluctuations: Although the overall premium stands at 14.77%, specific market segments have shown signs of narrowing toward 12.15%, depending on the payment method selected.

In recent historical perspective, this 14.77% premium represents a moderation compared with previous episodes documented in the local market, when the gap against the issuing institution climbed to 19.3% and 19.6%.

📈 Order Book Depth: Asymmetry on Binance and other platforms

While the average across 198 active offers shows a 4.79% spread, a technical review of the order book (covering 176 direct listings on Binance and other platforms) reveals a much tighter microstructure at the best prices.

At the top of the book, the best buy price (best ask) stands at 996.50 Bs. and the best sell price (best bid) at 995.00 Bs., compressing the immediate spread to just 1.50 Bs. (0.15%), with a midpoint of 995.75 Bs. In the specific snapshot of Binance's 10 best offers, the median buy price is 994.00 Bs. (best at 993.50 Bs.) and the median sell price is 998.50 Bs. (best at 998.75 Bs.).

However, the day's key technical finding is the volume imbalance:

• Buy volume (USDT demand / Bid): 284,924.28 USDT distributed across 29 offer levels.

• Sell volume (USDT supply / Ask): 99,560.71 USDT distributed across 31 offer levels.

• Order book imbalance: A 48.21% imbalance is recorded (with buying pressure peaks of up to 48.9%).

In practice, there is almost three times more liquidity seeking to buy USDT or support the bolivar sell floor than there is liquidity immediately offering USDT. For example, on the buy side, institutional or high-volume blocks stand out on Binance: 84,128.39 USDT positioned at 992.24 Bs. (via Banco de Venezuela) and 46,911.89 USDT at 993.50 Bs. (via Banco del Tesoro). On the sell side, the strongest resistance appears at the psychological barrier of 1,000.00 Bs., where 14,904.02 USDT are grouped across 3 Binance orders, followed by 12,357.53 USDT at 1,001.89 Bs.

Additionally, cross-platform monitoring reveals specific inefficiencies: while Binance concentrates offers around 1,000.22 Bs., other markets such as other platforms have quoted prices as high as 1,039.99 Bs., marking an inter-exchange difference of 3.98% (39.76 Bs.).

📖 Read the full article: https://pitbullchain.com/noticias/liquidez-y-spread-p2p-en-venezuela-brecha-de-4-79-y-prima-de-14-77

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📊 Live rates and analysis at https://pitbullchain.com

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