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Coinbase Bitcoin Order Book Shows $15.70 Million Bid Surplus in Nov. 6 Snapshot

Coinbase had $24.94 million in buy orders and $9.24 million in sell orders as Bitcoin traded at $75,747.

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A brass token weighs down one side of a precision scale / TokenPost.ai
A brass token weighs down one side of a precision scale / TokenPost.ai

A Friday, Nov. 6, snapshot of Coinbase's spot order book showed $15.70 million more in buy orders than sell orders as Bitcoin (BTC) traded at $75,747.

Coinbase's book listed $24.94 million in buy orders and $9.24 million in sell orders. Binance's spot market also had more buy orders than sell orders, though its buy-side total was below Coinbase's.

A sudden large trade can affect an exchange with a thinner order book first, making price swings more pronounced.

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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