Golden Finance reported that Coinbase research analysts David Duong and David Han said that the market depth of Bitcoin on Coinbase has recently shown an imbalance between buy and sell orders, with a larger number of buy orders. This increase in total Bitcoin sell orders is particularly concentrated within 5% to 10% of the exchange's mid-price, which limits a larger increase in prices. "The data suggests that we may see some profit-taking at current levels, and/or that market participants are more willing to sell when prices rise, which may limit the room for prices to move upward," Coinbase analysts said in a report on Friday.