Crypto Traders Worried About Continued Liquidity Thinning in Bitcoin and Ether

Liquidity conditions in the bitcoin (BTC) and ether (ETH) markets continue to worsen and the situation is now more alarming than it was three months ago. That has traders worried about abrupt price swings in the crypto market.

Data from Paris-based crypto data provider Kaiko show bitcoin's 2% market depth for USDT pairs aggregated from 15 centralized exchanges has slipped to 6,800 BTC, the lowest since May 2022, surpassing the post-FTX low. That's significantly down from the October highs above 15,000 BTC. Ether's 2% market depth has more than halved to 57,000 ETH since October, led by Binance.

(By Omkar Godbole)

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Bitcoin $98,056.12

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