Coinbase Bitcoin Order Book Shows $15.70 Million Bid Surplus in Nov. 6 Snapshot
Photo: TokenPost
A Friday, Nov. 6, snapshot of Coinbase's spot order book showed $15.70 million more in buy orders than sell orders as Bitcoin (BTC) traded at $75,747. Coinbase's book listed $24.94 million in buy orders and $9.24 million in sell orders. Binance's spot market also had more buy orders than sell orders, though its buy-side total was below Coinbase's. A sudden large trade can affect an exchange with a thinner order book first, making price swings more pronounced. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
