Binance Bitcoin Spot Book Shows $3.28 Million More in Buy Orders

A Nov. 1 snapshot of Binance’s Bitcoin (BTC) spot order book showed $3.2845 million more in buy orders than sell orders, with more displayed depth than Coinbase’s. Binance listed $10.1698 million in buy orders against $6.8853 million in sell orders. Coinbase’s spot book also had more buy orders than sell orders, but its displayed depth was smaller. A sudden large buy or sell order can affect a thinner exchange book first, making price movements more pronounced. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.