Order-book data tracked by Liquid24/7.xyz showed a notable sell wall in Coinbase spot BTC at $85,030, where roughly 64.84 BTC was offered for sale with a notional value of about $5.51 million. The order sat about 0.40% above the then mid-price of $84,689.
The same snapshot showed stronger bids than asks in the nearby book. Buy-side liquidity totaled about $28.4773 million, compared with roughly $20.4294 million on the sell side. That left net bid liquidity ahead by around $8.0479 million, equal to 16.46% of total depth.
According to the monitored data, the $85,030 level has formed a clear area of resistance in Coinbase spot BTC. Liquid24/7.xyz said that if large buy orders appear, they may put some pressure on the current price.
ChainCatcher reported that order-book intelligence platform Liquid24/7.xyz detected a sell wall in Coinbase spot BTC at $85,030, with about 64.84 BTC offered for sale, worth roughly $5.51 million in notional terms.
A notable ask appeared at $85,030
The order was positioned about 0.40% above the then mid-price of $84,689. In the order-book snapshot, the $85,030 level stood out as a clear resistance area.
Nearby bid liquidity exceeded asks
On the same venue, aggregate bids in the nearby book totaled about $28.4773 million, while aggregate asks came to around $20.4294 million. Based on those figures, net bid liquidity on Coinbase spot exceeded the sell side by about $8.0479 million, accounting for 16.46% of total depth.
Liquid24/7.xyz said that if large buy orders emerge, they may place some pressure on the current price.
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