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Coinbase Bitcoin Book Shows Bids Leading by $18.29 Million

The Coinbase snapshot put $27.44 million in bids against $9.14 million in asks. A listed $75,000 order covered 85.97 BTC.

Updated 1 min read
Hands hold a phone displaying a cryptocurrency order book on a San Francisco sidewalk. / TokenPost.ai (macro)
Hands hold a phone displaying a cryptocurrency order book on a San Francisco sidewalk. / TokenPost.ai (macro)

Coinbase's displayed Bitcoin (BTC) book showed nearby buy orders ahead of sells by $18.29 million, giving a view of visible market interest without indicating how much Bitcoin changed hands.

Displayed bids totaled about $27.44 million, while asks came to about $9.14 million. The difference equaled 50.01% of the combined depth.

One entry priced at $75,000 represented an offer to buy 85.97 BTC, worth about $6.45 million. The $75,000 level was about 1.35% below a midpoint near $76,026. The snapshot records listed orders and does not confirm an execution at that price.

The book's balance differed from a previous Coinbase snapshot with a $14.28 million ask-side lead, as EconoTimes reported. Each reading captures visible orders at a particular moment, so the comparison shows different displayed balances across snapshots.

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