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：私募资讯)

• ·股票期权结算
• ·AI in Crypto：在 Meme 狂热之后是一地鸡毛还是破茧重生？
• ·在哪购买股票
• ·股票基金如何购买-股票基金如何购买最划算
• ·安泰股票基金-安泰股票基金代码查询
• ·CEX陷入MEME淘金风波，流量先行还是价值锚定至上？
• ·定额发票金额和实际发生的不符怎么做账
• ·请问襄阳市住房公积金贷款有哪些申请材料？下周我去申请住房公积金贷款。
• ·比特币未平仓合约创下800亿美元新高
• ·狗狗币分析师：“我绝不会错过这笔交易——图表显示其将上涨至 0.45 美元”
• ·比特币巨头 James Wynn 将 40 倍多头仓位推高至 10.7 亿美元
• ·戴蒙确认摩根大通客户将可以使用比特币
• ·历史新高下回望 15 年价格曲线：我们终会成为历史的一部分
• ·易比特钱包
• ·OpenAI CFO谈收购：像io这种公司，不看现在看未来
• ·币众筹怎么赚钱