Coinbase ETH bid orders exceed asks by $2.94M
- —ETH bids on Coinbase total $12.18M versus $9.24M in asks
- —Buy-side surplus stands at $2.94M, or 31.8%
- —ETH was quoted at $2,423.48 at the time of the snapshot
- —Binance also showed more bids than asks, size undisclosed
Why it matters: Order-book depth only shows pending orders that can be cancelled, so the signal is weak and does not set ETH's price direction.
Source: TokenPost