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Add as a preferred source on GoogleBinance Bitcoin Spot Book Shows $3.28 Million More in Buy Orders
Binance listed $10.1698 million in buy orders and $6.8853 million in sell orders. Coinbase also had a buy-side lead, with less displayed depth.
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A Nov. 1 snapshot of Binance’s Bitcoin (BTC) spot order book showed $3.2845 million more in buy orders than sell orders, with more displayed depth than Coinbase’s.
Binance listed $10.1698 million in buy orders against $6.8853 million in sell orders. Coinbase’s spot book also had more buy orders than sell orders, but its displayed depth was smaller.
A sudden large buy or sell order can affect a thinner exchange book first, making price movements more pronounced.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.