The liquidity of the Ethereum market has decreased by 20% after the listing of spot ETFs
According to data tracked by digital asset data company CCData, since the listing of the US Ethereum spot exchange traded fund (ETF) on July 23 this year, the market depth of Ethereum (ETH) on the exchange has declined, which is different from the situation of Bitcoin (BTC) after its listing on the spot ETF.
Some analysts predicted last year that spot ETFs would have a net positive impact on market liquidity, making it easier to execute large buy and sell orders at stable prices, which was confirmed in the Bitcoin market. After the Bitcoin spot ETF went public in January this year, the market liquidity of Bitcoin has significantly increased.
However, data tracked by CCData shows that the average 5% market depth of Ethereum trading pairs on centralized exchanges in the United States has decreased by 20% to around $14 million. On offshore centralized exchanges, it decreased by 19% to around $10 million. In other words, it has actually become easier to make spot prices fluctuate by 5% in either direction now, which is a sign of reduced liquidity and increased sensitivity to large orders.
CCData analysts believe that this situation may be due to current market conditions and seasonal influences.
Although the market liquidity of ETH trading pairs on centralized exchanges is still higher than at the beginning of the year, liquidity has decreased by nearly 45% since its peak in June, "said Jacob Joseph, a research analyst at CCData, in an interview with CoinDesk." This may be due to poor market conditions and seasonal effects during the summer, typically accompanied by lower trading activity
This indicator refers to the buying and selling order volume of an asset within a range of 5% above or below the market price. A higher depth indicates stronger liquidity and lower sliding point costs. CCData examined the 5% market depth of all ETH trading pairs across 30 centralized exchanges.
data source
(责任编辑:经济数据)
- ·腾讯股票开户-腾讯股票开户可靠吗
- ·币圈APP 币圈APP官网入口v4.2.9
- ·火币网可以提币了
- ·狗狗币挖矿交易中心 狗狗币挖矿交易中心最新免费版安装v6.8.3
- ·不丹透過挖礦積累 7.8 億鎂比特幣,佔該國 GDP 近三分之一
- ·币信钱包IOS-币信钱包下载
- ·股票拿不住-股票拿不住怎么办
- ·保利发展收盘涨1.22%,主力资金净流入7835.88万元
- ·火币手机怎么交易
- ·玖富万卡保险费是什么意思?具体是怎样的费用?
- ·火币不能提币
- ·seer币兑换比例价格-seer币现价多少
- ·最安全的区块链钱包-最安全的区块链钱包是
- ·科德数控:五轴联动数控机床收入占比约87%,增长22%,实施限制性股票激励计划以吸引和留住优秀人才
- ·福利部门领用原材料的分录怎么做
- ·2022靠谱的欧意易易易易币BNB交易平台推荐(最新排名)
- · OK交易所官网入口登录
- · okx网页版
- ·欧易交易所下载
- · 亿欧交易所下载
- · okcoin下载官方app
- · 虚拟货币交易平台有哪些
- · 易欧app官网下载
- · okb交易所官网
- · 欧亿交易所怎么样。
- · 数字货币交易所