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:汇率)
- ·xuc币多少钱
- ·基于美国的创世纪全球交易将取消其加密现货交易服务
- ·SC 诉讼文件:做市商 Sigma Chain 实际控制人为赵长鹏,由多名币安员工运营
- ·AVA正在徘徊在一条重要的支撑线附近 雪崩币未来的方向是什么
- ·Circl准备10亿美元资金应对来自PayPal和其他公司的市场威胁
- ·10月31日嘉实新优选混合净值增长1.06%,近3个月累计上涨17.56%
- ·瑞波币在法律战中蓬勃发展 数据表明投资者对其潜力感兴趣
- ·eos币能涨多少
- ·10月31日博时数字经济混合C净值增长0.06%,近3个月累计上涨17.64%
- ·10月31日中邮低碳配置混合净值增长2.23%,近3个月累计上涨17.31%