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:商业)
- · okcoin下载官方app
- · 0kx交易所官网
- · ok币
- · 易欧app官网下载
- · okx交易所app官网链接
- · 十大虚拟货币交易平台app
- · 亿欧app下载
- · 虚拟货币交易
- ·10月31日兴全多维价值混合A净值增长1.12%,近3个月累计上涨16.75%
- ·10月31日鹏华成长价值混合A净值增长0.13%,今年来累计上涨4.33%
- ·10月31日东吴医疗服务股票A净值下跌2.26%,近1个月累计下跌9.35%
- ·10月31日招商研究优选股票A净值下跌0.03%,近1个月累计下跌1.11%
- ·天平道合(08403.HK)完成发行合共300万股认购股份
- ·以太经典的钱包注册
- ·10月31日平安鼎泰混合(LOF)净值增长0.44%,近3个月累计上涨6.78%
- ·气候与什么什么有关-气候与什么什么有关英语
- ·meme币苹果版官网下载app meme币app官方下载最新版
- ·聚辰股份:第三季度营收同比增长37.73%,汽车级EEPROM业务和NOR Flash业务快速增长