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：基金专题)

• ·Bitget 研究院：美国 CPI 数据于本周三公布，市场出现日内反弹但仍需警惕探底风险
• ·外币财务报表折算的流动和非流动法有哪些缺点？
• ·光大银行信用卡过六天还款会算逾期吗？
• ·10月31日建信优化配置混合C净值下跌0.72%，近1个月累计下跌0.21%
• ·百万富翁导师称 XRP 的世代财富之旅即将结束，8 美元是下一个全新篇章
• ·10月31日鹏扬医疗健康混合C净值下跌1.43%，近1个月累计下跌4.47%
• ·Investing in FTX and losing billions of dollars, founder of private equity fund Thoma Bravo vows to 'never touch' cryptocurrency again
• ·10月31日华泰柏瑞低碳经济智选混合C净值增长1.56%，近3个月累计上涨4.83%
• ·Can CZ return to the helm of Binance after serving his sentence at the end of the month?
• ·OKX|欧义网址是多少
• ·股票加个xd
• ·10月31日上银鑫卓混合A净值下跌0.55%，近1个月累计下跌6.52%
• ·比特比今日最新行情-比特今日最新行情走势
• ·10月31日富国利享回报12个月持有混合C净值下跌0.06%，近1个月累计下跌1.73%
• ·租房没签合同可以专项扣除吗
• ·v官方手机端软件 meme币苹果软件app下载链接