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Coinbase Bitcoin (BTC) Snapshot Shows $3.16 Million Ask Lead

A displayed $5.24 million bid at $61,500 represented 85.15 BTC, about 1.93% below the book’s approximate $62,710 midpoint.

Updated 1 min read
An anonymous trader checks a cryptocurrency order book on a phone in San Francisco / EconoTimes.ai
An anonymous trader checks a cryptocurrency order book on a phone in San Francisco / EconoTimes.ai

Coinbase’s Bitcoin (BTC) order book showed a $3.16 million gap between nearby sell and buy orders, giving a point-in-time view of posted liquidity in the crypto market.

Sell orders totaled about $21.0518 million and buy orders about $17.895 million. Combined, they amounted to roughly $38.95 million in displayed depth; the sell-side excess accounted for about 8.11% of that total.

The snapshot also listed a buy order at $61,500, valued at about $5.24 million, or 85.15 BTC. That price was about 1.93% below the book’s approximate $62,710 midpoint.

The figures describe orders visible at the time of the reading, not how much Bitcoin traded. A separate Coinbase order-book snapshot covered by EconoTimes showed a $7.02 million sell-side lead.

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