Coinbase Bitcoin (BTC) Order Book Shows $8.29 Million Sell-Side Gap

Coinbase’s spot Bitcoin (BTC) order book showed an $8.2872 million sell-side gap Sunday, Nov. 15, with more sell orders than buys and the highest sell total among four listed markets.

Bitcoin was priced at $64,372 in the snapshot. Coinbase’s book listed $20.1595 million in sell orders and $11.8723 million in buy orders, a difference of $8.2872 million.

Sell orders also exceeded buy orders on Binance’s spot market and perpetual markets at OKX and Hyperliquid. Each had a smaller sell-side total than Coinbase.

A sudden large order could move exchanges with thinner books first, making price swings more pronounced. An earlier Coinbase spot Bitcoin order-book reading showed a $5.56 million sell order near $82,289.