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：财经专题)

• ·如果 Canary Capital 的 ETF 申请获得批准，Tron 的 TRX 会涨到多高？
• ·国家外汇管理局：9月我国国际收支货物和服务贸易进出口规模44782亿元 同比增长5%
• ·比特币创历史新高后回落，特朗普关税政策引发市场波动：加密货币周报
• ·neocoin多少个
• ·卡尔达诺在 0.84 美元处受阻：跌幅会进一步扩大至 0.72 美元吗？
• ·电气风电：2024年前三季度收入同比下降，已采取措施推进销售项目交付，实现单三季度营业收入同比正增长13.9%
• ·股票基金缺点-股票基金缺点分析
• ·涨停揭秘 | 精伦电子2连板涨停，封板资金1.22亿元
• ·巨鲸通过Wintermute出售184.4枚WBTC
• ·境外工作保险有哪些？这些保险都涵盖哪些内容？
• ·据《华尔街日报》报道，摩根大通、美国银行、花旗银行和富国银行正在考虑联合推出稳定币
• ·欧意/欧亿交易所下载全攻略，如何安装与使用欧亿钱包
• ·面对狗狗币市场操纵与内幕交易指控，马斯克如何全身而退？
• ·眼科大佬陈邦，憾失湖南首富“宝座”
• ·区块链平台政策-区块链平台政策有哪些
• ·关联企业报税如何处理