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:货币)
- ·火币网莱特币交易平台
- ·个人意外险如何申请报销呢?详细步骤解析。
- ·什么水果叫什么福-福气水果
- ·ripple发行价格-ripple上市最新进展
- ·Wintermute将在纽约开设美国总部
- ·创世纪收盘涨3.96%,主力资金净流入8407.31万元
- ·FARTCOIN能否突破1.5美元大关?市场信号显示潜在上涨趋势
- ·人民币国际化排名(人民币全球化排名)
- ·投影仪属于固定资产哪一类
- ·蓝盾光电收盘涨1.51%,主力资金净流入3268.03万元
- ·光大淘票票公仔联名卡额度多少?有哪些权益?
- ·芝麻交易所交易所国际版v6.3.9下载安装-易欧国际交易平台2023中文版下载
- ·提取未到期责任准备金属于什么科目
- ·汇洲智能收盘涨10.11%,主力资金净流入8090.59万元
- ·股票委托涨停-股票委托涨停价买入实际价格怎么算
- ·马上金融怎么申请贷款,我第一次用马上金融贷款
- · 全球三大虚拟货币交易平台
- · 易欧app官网下载
- ·欧易交易所下载
- · 欧易正规
- · 虚拟货币交易平台有哪些
- · okx交易所app官网链接
- · 欧亿交易所怎么样。
- · okcoin交易平台
- · OK交易所官网入口登录
- · okx网页版