Coinbase Bitcoin Order Book Shows a $14.28 Million Sell-Side Gap

A Coinbase spot Bitcoin (BTC) order book snapshot on Oct. 28 showed sell orders exceeding nearby bids by $14.28 million, a measure of displayed liquidity around the market price. Nearby sell orders totaled about $30.98 million, compared with roughly $16.70 million in buy orders. The difference equaled 29.95% of their combined depth. The most prominent nearby ask was 107.15 BTC at $83,000, worth about $8.89 million. That price was about 1.92% above the snapshot midpoint of $81,434. An earlier Coinbase order book snapshot showed 106.39 BTC offered at $83,000, valued at about $8.83 million.