Coinbase Bitcoin Spot Book Shows $8.62 Million Sell-Side Surplus

Coinbase's Bitcoin spot book showed an $8.62 million sell-side surplus on Nov. 11, with Bitcoin at $73,916. Binance spot and perpetual markets on OKX and Hyperliquid also showed more sell orders than buy orders. The data suggests bearish sentiment across major exchanges, as sellers outpaced buyers in the spot and derivatives markets.