Coinbase Ether Spot Bids Top Asks by $3.86 Million in Snapshot

Coinbase's Ether (ETH) spot order book showed $14.0979 million in bids against $10.24 million in asks, a $3.8579 million surplus, while Ether traded at $1,926.30 in the snapshot.

Rounded to three decimal places, the gap was $3.858 million, or about $3.86 million. Bids are orders to buy, while asks are orders to sell. The figures describe displayed orders in one snapshot; they do not establish that Ether's price was moving higher.

Binance's spot order book also had more bids than asks, although its bid-side scale was smaller than Coinbase's. The comparison showed the same direction of imbalance at both venues, with greater bid-side depth on Coinbase.

A sudden large buy or sell order can affect a thinner book first, making price swings more pronounced there. TokenPost previously covered a Coinbase spot snapshot with a $3.23 million bid surplus. Each snapshot reflects displayed order-book depth at the time it was recorded.