Bitcoin (BTC) Rally May Slow as Order-Book Imbalance Hints at Profit Taking

Date:

Share post:



Bitcoin (BTC) Rally May Slow as Order-Book Imbalance Hints at Profit Taking

That’s the message from the imbalance between potential sellers and buyers in bitcoin’s aggregated order book across 33 centralized exchanges. The gap between the total dollar value of orders to sell bitcoin, the so-called ask side, and orders to buy, the bid side, within 2% of the market price has widened to nearly $100 million, according to Paris-based Kaiko. That’s about five times its usual value.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Top-up Health Insurance for Employees with Corporate Cover

Employer-provided health cover offers valuable support during hospitalisation, but it may not always match every employee’s changing...

HNW confidence drops as government policy fears bite

Confidence among high net worth individuals is continuing to weaken due to ongoing speculation about potential tax...

Systematizing Your Service As A (True) Retirement Expert

× Please contact your Firm's Group AdminIAR CE is only available if your organization...

Robinhood (HOOD) adds AI agents, perps and weekend trading in push to win active traders

Robinhood has already seen demand for a more technical version of the idea. More than 150,000 agentic...