Coinbase Spot Ether Buy Orders Exceed Sell Orders by About $1.83 Million

Coinbase’s spot Ether (ETH) order book showed about $1.83 million more buy orders than sell orders in a market snapshot, with greater buy-side depth than the Binance markets examined.

With ETH quoted at $2,452.55, Coinbase spot displayed $12.27 million in buy orders and $10.44 million in sell orders. The figures captured orders displayed near the market at the time of the snapshot.

Binance’s spot and perpetual markets also showed more buy-side than sell-side depth. Buy-side depth in each market was smaller than the $12.27 million displayed on Coinbase spot.

An earlier Ether order-book snapshot showed $62.74 million in Binance perpetual buy orders against $52.07 million in sell orders. Coinbase spot had more sell orders than buy orders in that observation, when ETH was priced at $2,511.42.