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)

• ·如果你一年前投资了500美元购买PEPE，如今你的资产已增长至2,461.60美元
• ·美国加密公司如何应对特朗普的新策略？
• ·有人知道你我金融借款上征信吗？
• ·股票收益纳税-股票收益纳税吗
• ·比特币做什么用的 比特币做什么用的多
• ·ft交易所客服
• ·以太坊价格或迎新一轮飙升：交易员押注年底达6000美元
• ·比特币什么时候出的
• ·为什么amd显卡挖矿 为什么amd显卡挖矿那么快
• ·交易所欺诈
• ·市净率高股票
• ·电子发票上没有电子章可用吗
• ·Pi币24小时暴涨11.7%，未来能否突破2美元大关？
• ·公积金明细去哪里打印-公积金明细去哪里打印出来
• ·Bitwise CEO: Those who hate Ethereum will eventually discover that the Joker is themselves
• ·Web3 的下一个篇章：告别速度竞赛，回归构建根基