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：银饰)

• ·冷钱包到底应该怎么做-冷钱包怎么制作
• ·USD Coin (USDC) 哪里可以买？推荐欧易、币安、火必三大交易平台！
• ·应收账款周转率下降说明了什么
• ·小孩秋天喝什么茶好
• ·穿透 Monad 的社群魔术，如何将文化与社区力量最大化？
• ·永新光学收盘涨10.0%，主力资金净流入4895.17万元
• ·信用钱包逾期一个月会怎样？不是很懂。
• ·全民财经怎么玩 全民财经app怎么样
• ·The Open Art：与Blum、TONX和TON Society共度Token2049创新之夜，已超7千名参与者
• ·meme币ios内测版 meme币最新版下载官方app下载苹果版
• ·申请人人贷的小额贷款会查询个人的信用报告吗？
• ·兴森科技收盘涨0.27%，主力资金净流入5127.35万元
• ·星展銀行宣布將於第四季度推出加密貨幣期權交易和結構化票據
• ·meme币官方版最新下载 memeBIAN卓最新手机
• ·火币网教程
• ·银行小额贷款申请有哪些条件？办理小额贷款需要满足哪些要求？