CCData: The liquidity of ETH trading pairs on CEX has significantly decreased since June

2024-09-07 09:59:05

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According to ChainCatcher's message and data tracked by CCData, since the debut of 9 Ethereum spot ETFs on July 23, the order book liquidity of ETH has been declining.

Since the launch of the ETF, the average 5% market depth of ETH trading pairs on U.S. centralized exchanges has decreased by 20%, down to about $14 million. On offshore centralized exchanges, this figure has dropped by 19%, to around $10 million. In other words, the spot price is now actually more susceptible to fluctuations of 5%, indicating reduced liquidity and increased sensitivity to large orders.

CCData research analyst Jacob Joseph stated that although the liquidity levels of ETH trading pairs on centralized exchanges are still higher than at the beginning of the year, liquidity has decreased by nearly 45% since peaking in June. This may be due to poor market conditions and the seasonal effects of summer, which are typically accompanied by reduced trading activity.

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ETH CEX ETF

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