Coinbase Bitcoin Order Book Shows $8.83 Million Sell Order at $83,000

A snapshot of Coinbase’s spot Bitcoin (BTC) order book showed 106.39 BTC offered at $83,000, valued at about $8.83 million. That price was roughly 2.38% above a midpoint near $81,070 and was the most prominent nearby sell level in the reading. The order was one price level, while the depth totals include multiple nearby listings. These are posted orders, not completed trades. Nearby sell orders totaled $33.09 million, compared with $26.08 million in buy orders. Sell-side depth was $7.01 million higher, equal to 11.85% of combined depth. The figures describe listed orders in one snapshot. The Oct. 18 Coinbase depth reading recorded $25.28 million in sell orders and $16.65 million in buy orders. The two readings show separate views of listed depth on Coinbase’s spot market.

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