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:发现基金)
- ·股票出现倒t-股票出现倒T是什么意思
- ·咸阳社保卡领取时间怎么查?快速查询攻略!
- ·8 月区块链游戏研报:用户增长与加密货币市场波动并存
- ·涪陵榨菜收盘涨0.07%,主力资金净流出2098.69万元
- ·币安首席执行官 CZ 否认《华尔街日报》关于他担任特朗普 WLF 的“调解人”的报道
- ·Circle秘密谈判出售USDC业务,Coinbase与Ripple成潜在买家
- ·Kaito:未来几天将在sKAITO/YT部分引入重要机制
- ·冷链物流概念31日主力净流出17.14亿元,常山北明、三花智控居前
- ·谁是本轮加密周期的头号赚钱玩家?
- ·之前的天气怎么查询-怎么查过去10天的天气
- ·城镇土地使用税忘记计提了怎么办
- ·航空航天股票都有哪些?哪些股票是与航空航天相关的?
- ·新金融集群革命:为什么 PayFi 市场规模或将 20 倍于 DeFi ?
- ·meme币钱包官网 meme币最新版下载官方app苹果手机怎么下载
- ·美国政府积极推动加密货币发展,致力于成为全球数字资产领导者
- ·蝴蝶钱包app
- · 虚拟货币交易平台有哪些
- · okcoin交易平台
- · 欧亿交易所怎么样。
- · 易欧app官网下载
- · okx交易所app官网
- · 数字货币交易app
- · okx交易所app官网链接
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台排名
- · 欧易最新版本