A Coinbase spot Bitcoin (BTC) order-book reading showed an approximately $5.24 million bid at $61,500, while nearby sell orders exceeded buy orders by about $3.16 million.
The bid represented about 85.15 BTC. The midpoint was about $62,710, putting the bid about 1.93% below it.
Nearby bids totaled about $17.895 million, compared with about $21.0518 million in asks. The sell-side excess was about 8.11% of combined order-book depth.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
