Coinbase Spot Bitcoin Sell Orders Exceed Bids by $11.89 Million
Photo: TokenPost
Coinbase’s spot Bitcoin (BTC) order book showed $11.89 million more in nearby sell orders than bids in an Oct. 27 snapshot, extending a pattern seen two days earlier. Nearby asks totaled about $32.97 million, while bids came to about $21.08 million. The $11.89 million gap represented 22% of the combined displayed depth. A prominent ask at $82,000 represented 104.93 BTC, worth about $8.6 million. The price was 2.49% above the snapshot midpoint of about $80,009. In an Oct. 25 Coinbase snapshot , nearby sell orders exceeded bids by about $11.34 million, or 20.17% of combined depth.
Source: TokenPost
