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Binance Bitcoin Order Book Shows $5.54 Million Sell-Side Lead

Binance listed $14.20 million in sell orders against $8.66 million in buy orders. Coinbase’s spot book also had more sell orders than buy orders, but less sell-side depth.

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Brass markers pull one side of a steel balance lower / TokenPost.ai
Brass markers pull one side of a steel balance lower / TokenPost.ai

A Bitcoin (BTC) spot-market snapshot showed $5.54 million more sell orders than buy orders on Binance, leaving its displayed book weighted toward sellers; Coinbase had a smaller sell-side imbalance.

Binance’s book listed $14.20 million in sell orders and $8.66 million in buy orders. Coinbase’s spot market also showed more sell orders than buy orders, with a lower sell-side total than Binance.

That differs from an earlier Binance Bitcoin spot order-book snapshot, which showed $3.2845 million more buy orders than sell orders.

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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