Order book data tracked by Liquid247.xyz showed a notable bid resting on Coinbase’s spot BTC market at $82,975. The order was about 64.62 BTC in size, with a notional value of roughly $5.362 million. Based on the mid-price at the time, around $83,289, the bid sat about 0.38% below the market.
The same snapshot showed stronger buying interest than selling pressure in Coinbase’s near-touch order book. Aggregate bids were about $26.9975 million, compared with roughly $21.0445 million in asks. That left bids ahead by around $5.953 million, equal to 12.39% of total depth.
According to the data cited by ChainCatcher, the resting buy wall near $82,975 was the most visible support level in the nearby order book at the time of observation. The report was attributed to monitoring by market intelligence platform Liquid247.xyz.
ChainCatcher reported, citing order book intelligence platform Liquid247.xyz, that Coinbase spot BTC showed a bid of about 64.62 BTC resting at $82,975, with a notional value of roughly $5.362 million.
At the time, the market’s mid-price was around $83,289, placing that order about 0.38% below the midpoint.
Near-touch bids outweighed asks
Data from the same venue showed about $26.9975 million in aggregate bids in the nearby order book, versus roughly $21.0445 million in asks.
That left bids ahead by around $5.953 million, accounting for 12.39% of total depth. The buy wall near $82,975 was described as the most visible support level in the near-touch book.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.