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)

• ·WalletConnect向Solana用户空投500万枚WCT代币
• ·星亚控股(08293.HK)公布全年业绩 净亏损约327.03万新加坡元 同比盈转亏
• ·99poolnt价格-99pool2021年最新消息
• ·lrc币价格走势
• ·林园买的股票-林园买的股票有哪些
• ·10月31日招商精选企业混合C净值增长0.15%，近3个月累计上涨15.19%
• ·最近的新股票
• ·保险犹豫期具体是怎样的规定呢？
• ·比特币再创新高：获利回吐压力显现，投资者应如何应对？
• ·十大虚拟货币交易所 2025年比特币交易平台
• ·数字货币平台转让
• ·xmr打开钱包-xmr的钱包
• ·股票哪天分红-股票哪天分红怎么看
• ·期货量化交易到底是什么意思？
• ·区块链浏览器是什么？盘点十大区块链浏览器
• ·齐鲁银行和京东金融联名卡的额度一般是多少？