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：私募资讯)

• ·火币网到账时间
• ·10月31日博时丝路主题股票A净值下跌1.30%，近6个月累计下跌5.95%
• ·比特币中国与火币网
• ·10月31日天弘创新领航C净值下跌0.30%，近1个月累计上涨2.43%
• ·会计报表如何把账面亏损变盈利
• ·10月31日恒越智选科技混合C净值增长1.47%，近3个月累计上涨34.13%
• ·请问如何查询住房公积金贷款的余额？
• ·10月31日易方达瑞祥灵活配置混合E净值下跌0.20%，近1个月累计下跌1.19%
• ·Tradoor完成320万美元融资将推文本交易功能
• ·10月31日南方专精特新混合A净值增长0.64%，近3个月累计上涨13.45%
• ·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
• ·10月31日广发沪港深价值精选混合C净值下跌0.25%，近1个月累计下跌3.56%
• ·51信用管家瞬时贷怎么样？
• ·鲸鱼活动激增，市盈率下跌 8%：接下来会发生什么？
• ·以太坊第 1 层网络收入骤减，原因何在？
• ·10月31日宏利医药健康混合发起C净值下跌1.29%，近1个月累计下跌6.32%