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:牌价)
-
高薪挖人的同时,黑牛还重金砸营销。...[详细]
-
Webull Pay 与美国领先交易所 Coinbase 联手,为加密货币服务提供支持
不过,百度这次可不是单纯来刷存在感的,而是带着赤裸裸的目的来的,这得从百度新推的站长平台VIP俱乐部说起,先上图吧。...[详细]
-
作为院线电影院的“补充者”,近几年来,私人影院越来越频繁地出现在人们视野之中,并迅速在电影市场占据一席之地,成为“香饽饽”。...[详细]
-
今天我们看到的小米手机上的各种“黑科技”,也差不多都是在那段历史转折期开始动手的。...[详细]
-
1体验创新代表水货 手抓海鲜、大力度折扣、新潮的店内装修风格,让水货餐厅在短时间内走红,成为年轻消费者热捧的餐饮品牌。...[详细]
-
但现在像编辑这种与内容强关联类型的分工,已经全行业化了。...[详细]
-
Vitalik 2049 演讲全文:以太坊需要在满足需求的同时,保持开源和去中心化的价值观
所以如果你想奋斗3-5年就获得一个不错的江湖地位以及财富积累,那么加入一家IPO公司是必经之道,除非你能去像华为这样薪酬结构的公司。...[详细]
-
于是,“子弹”开始飞满了屏幕——弹幕来了。...[详细]
-
结语 细节之中藏有魔鬼。...[详细]
-
在顺丰敲钟仪式上,顺丰总裁带着客服妹子和快递小哥一起敲钟引发热议。...[详细]