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：基金优选)

• ·小规模纳税人增值税怎么转结
• ·江什么穿什么-江什么穿什么成语
• ·库神钱包有什么用-库神钱包有用吗
• ·怎么购买TUSD币？TUSD币在哪个平台交易？TUSD币购买交易教程
• ·类似闪银奇异的口子有哪些？可以给我推荐几个吗？
• ·报税工资与实发工资不符是什么原因
• ·ifcmac钱包钱包-icc 钱包
• ·预付卡发票可以报销吗
• ·非限定性净资产怎么会计处理
• ·FTX还款将于5月30日开始，金额超5万美元债权人先行赔付72.5%
• ·eth今天价格-eth今天价格为什么上涨
• ·美元反弹，特朗普贸易沉默成市场利好
• ·SXT 再获微软力挺，数据叙事潜力如何？
• ·预付房租和摊销如何做会计分录
• ·企业向红十字会捐款发票能抵扣税款吗
• ·欧意交易所官网地址(v6.1.31)_欧意交易所是用资金账户提现到微信么