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：百科资讯)

• ·OKX Token2049 速递：首席营销官 Haider 揭秘 OKX 钱包全新升级的五个关键细节
• ·10月31日中欧瑾泉灵活配置混合C净值下跌0.36%，近1个月累计下跌4.14%
• ·江什么穿什么衣服-江什么穿什么衣服的成语
• ·比特币主导地位下降，下周重点关注这些山寨币：$SOL、$SUI、$HBAR、$TIA、$DEEP、$FET
• ·挖矿莱特机价格-挖莱特币矿机多少钱
• ·埃隆·马斯克更新 X 简介后，Kekius Maximus 代币飙升 120%
• ·请问按揭买车的流程有哪些？今年我想按揭买车。
• ·云储币sc交易平台
• ·水利建设专项收入计税依据是什么
• ·ZEC今日行情价格
• ·“家人们”席位·期货品种持仓一览（5月21日）
• ·10月31日金鹰新能源混合A净值下跌0.98%，近1个月累计下跌2.49%
• ·湖北什么什么气候特点-湖北什么气候类型
• ·Binance 和 Kraken 抵御了与 Coinbase 类似的社会工程攻击
• ·火币怎么做空
• ·怎么充值虚拟币