Source text: Binance has emerged as the leading centralized exchange in Bitcoin liquidity, contributing approximately 32% of the overall market liquidity. According to a CoinGecko report, Binance boasts a one-sided order depth of $8 million, significantly outpacing competitors. Bitget follows with $4.6 million, while OKX holds $3.7 million in order depth. In a narrower observation range of ±$10, Binance remains the only exchange with liquidity exceeding $1 million on both buy and sell sides. Other exchanges, including Bybit, Bitget, OKX, HTX, and Crypto.com, report liquidity between $100,000 and $500,000 in this range, highlighting Binance's dominance in the market. Target language code: de Translation instructions: This is the news article content. Please maintain the original meaning.