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Coinbase Bitcoin (BTC) Order Book Shows $11.89 Million Ask-Side Lead

Asks exceeded bids by $11.89 million, about 22% of the book’s $54.05 million in displayed orders.

Updated 1 min read
A passerby checks a phone outside an office building in San Francisco. / TokenPost.ai (macro)
A passerby checks a phone outside an office building in San Francisco. / TokenPost.ai (macro)

Coinbase's Bitcoin (BTC) spot order book carried more displayed sell-side value than buy-side value in an Oct. 27 snapshot, a gap that measures listed orders rather than completed trades.

The book showed about $32.97 million in asks and $21.08 million in bids. The difference was $11.89 million, while the two sides together held $54.05 million in displayed orders.

One visible sell order was priced at $82,000. Its 104.93 BTC totaled about $8.6 million, and the quote was 2.49% above a midpoint near $80,009.

The Oct. 25 book showed an ask advantage of $11.34 million, 20.17% of displayed depth. In that reading, the $82,000 sell order was 1.55% above the midpoint. An Oct. 24 Coinbase reading reported earlier by EconoTimes showed a $14.65 million ask-side lead. Each reading captures orders at a particular moment; it does not show how much Bitcoin traded.

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