@JimmyRagosa Yes, the currency pairs tracked are BTC-USD and ETH-USD on the exchanges listed at the bottom of the chart
Author: Kaiko
@glassnode The liquidity depletion can also be observed on Bitcoin order books. Market depth has fallen significantly since the bull run began.
@glassnode The liquidity depletion can also be observed on #Bitcoin order books.
Market depth has fallen significantly since the bull run began. https://t.co/B82OaDDsNT
Bitcoin market depth recovered more quickly after the January 11th price crash compared with the March crash, suggesting markets have become more resilient.
#Bitcoin market depth recovered more quickly after the January 11th price crash compared with the March crash, suggesting markets have become more resilient. https://t.co/ZWV4igLzJL
This is particularly remarkable considering the sheer volume of trades that occurred on January 11th during the $9k sell-off:
This is particularly remarkable considering the sheer volume of trades that occurred on January 11th during the $9k sell-off:
https://t.co/69wXpsOajF
The same for BTC-USD volumes.
The same for #BTC-USD volumes. https://t.co/sKDNeODbVj
January 11th was the single highest volume day in Bitcoin’s history.
January 11th was the single highest volume day in #Bitcoin’s history. https://t.co/IrmkTjxx64
Kaiko’s weekly Research Factsheet just went live! Key highlights: -BTC intraday price movements are becoming more extreme -Trade volume hit a new daily high -the shortage of bids and asks persists on Bitcoin order books Check it out here:
Kaiko’s weekly Research Factsheet just went live! Key highlights:
-#BTC intraday price movements are becoming more extreme
-Trade volume hit a new daily high
-the shortage of bids and asks persists on #Bitcoin order books
Check it out here: https://t.co/BqznTpPxgr
More than 60% of total Bitcoin-USDT trading volume occurs on @binance, @HuobiGlobal, and @OKEx.
More than 60% of total #Bitcoin-#USDT trading volume occurs on @binance, @HuobiGlobal, and @OKEx. https://t.co/ce4CyC1QhF
The days analyzed were two of the biggest single day drops for BTC: March 12th 2020 and January 11 2021.
The days analyzed were two of the biggest single day drops for #BTC: March 12th 2020 and January 11 2021.
The average $ trade size on @CoinbasePro has doubled since March, while the average $BTC trade size has fallen significantly.
The average $ trade size on @CoinbasePro has doubled since March, while the average $BTC trade size has fallen significantly. https://t.co/C9RrvJaeHi