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Coinbase Bitcoin Order Book Shows $5.11 Million Sell Order Near $82,871

The 61.63 BTC ask was about 0.42% above a midpoint of $82,523, while nearby sell depth exceeded buy depth by $538,000.

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Bitcoin coin beside opposing stacks of translucent market blocks / TokenPost.ai
Bitcoin coin beside opposing stacks of translucent market blocks / TokenPost.ai

Coinbase’s spot Bitcoin (BTC) order book showed a 61.63 BTC sell order at $82,871, placing about $5.1071 million in Bitcoin near the market midpoint.

The order was approximately 0.42% above a midpoint of $82,523. Nearby sell orders totaled about $23.4237 million, while buy orders amounted to roughly $22.8857 million.

The difference gave sell-side depth an edge of approximately $538,000, equal to 1.16% of the combined near-market order-book depth. The reading describes order positioning at the time of the snapshot.

The latest reading follows an earlier Coinbase spot Bitcoin order-book reading that showed a nearby sell order positioned above the midpoint.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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