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.

167
Increase in Bitcoin Order Book Liquidity: Market Depth Nears $540 Million, Impacting Liquidity

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.

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

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Ethereum White Paper Anniversary: From Concept to Global Smart Contract Platform

Ethereum White Paper Anniversary: From Concept to Global Smart Contract Platform

Bitcoin Liquidations Spike: Over $150M in Longs Wiped Out as Price Slides

Bitcoin Liquidations Spike: Over $150M in Longs Wiped Out as Price Slides

Memecoins Explained: The Intersection of Internet Culture and Crypto

Binance Research's report analyzes the rise of memecoins, highlighting their cultural impact,...

ETH Price Faces Challenges Amid ETF Outflows

Ethereum (ETH) struggles to maintain price above $2,500 amid ETF outflows and...