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：白银TD)

• ·zec币的交易平台-
• ·appc币多少钱
• ·靠谱的山寨币交易平台
• ·登登交易平台
• ·欧盟硬刚美国？特朗普放狠话：不妥协就加税！
• ·库币网交易平台
• ·向投资者宣告分配现金股利的会计分录
• ·LBank“代码与法律”合规论坛在迪拜成功举办：探索Web3合规与创新融合新路径
• ·Virtual音乐代理MUSIC推出创新玩法：AI创作歌曲与代币化生态
• ·以太坊目前挖出多少
• ·专业虚拟数字交易平台-专业虚拟数字交易平台是什么
• ·欧盟币今日价格
• ·股票打新赚钱-股票打新赚钱吗
• ·新西兰加密货币交易所Dasst进入清算
• ·韩国贸易平台-韩国贸易平台有哪些
• ·进项税余额年末需要结转吗