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Coinbase Bitcoin (BTC) Book Shows $62,600 Sell-Side Lead

The displayed book showed about $25.29 million in bids and $25.36 million in asks, with a large buy order cluster at $82,610.

Updated 1 min read
Pedestrians pass One Madison Avenue in New York as one checks a phone. / TokenPost.ai (macro)
Pedestrians pass One Madison Avenue in New York as one checks a phone. / TokenPost.ai (macro)

Buy and sell interest in Coinbase’s Bitcoin (BTC) spot order book was nearly even on Oct. 21, with posted asks ahead of bids by about $62,600, or 0.12% of combined displayed depth.

The snapshot listed about $25.29 million in bids and $25.36 million in asks. A calculation using the underlying totals put the sell-side lead at $62,600.

Buy orders at $82,610 totaled 63.51 BTC, worth about $5.25 million. That price was 0.37% below the snapshot’s $82,916 midpoint.

The gap was narrower than the roughly $7.02 million sell-side lead in a separate earlier Coinbase snapshot. The snapshots show liquidity visible when each was captured; they do not report completed trades.

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