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CDS Crypto News Increase in Bitcoin Order Book Liquidity: Market Depth Nears $540 Million, Impacting Liquidity

Crypto News

Increase in Bitcoin Order Book Liquidity: Market Depth Nears $540 Million, Impacting Liquidity

Expectations were not misleading, the increase in Bitcoin order book liquidity was observed.

lectertodd20/02/20241 Mins read333

Crypto News – As was anticipated in December, order book liquidity, or the capacity to trade at steady prices, is being impacted by the U.S.-based spot Bitcoin ETFs that were approved in January.

Increase in Bitcoin Order Book Liquidity: Market Depth Nears $540 Million, Impacting Liquidity

The total value of buy and sell orders inside 2% of the market price for bitcoin, as measured by the 2% market depth across 33 centralized exchanges, increased to $539 million early on Tuesday. According to data maintained by Paris-based Kaiko, that’s the most since October and a roughly 30% gain since the spot ETFs reached the market on January 11.

The easier it is to purchase and sell big amounts without changing prices, and the smaller the slippage—the gap between the prices at which deals are listed and executed—the deeper or more liquid the market. According to Kaiko, U.S.-based exchanges have spearheaded the increase in the depth of the global bitcoin market.

Sources:coindesk

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