Coinbase order book shows 71.31 BTC bid at $80,000
- —Bid for 71.31 BTC at $80,000 is worth about $5.7 million
- —Order sits 0.61% below the mid price of about $80,492
- —Coinbase near-touch bids: $27.46 million vs asks of $16.33 million
- —Bids exceed asks by $11.13 million, or 25.42% of book depth
Why it matters: A large bid at $80,000 may signal demand at that level, but until filled it does not guarantee price support.
Source: TokenPost