Latest / The Cryptocurrency Economy with Fexingo: Bitcoin, Ethereum, and Digital Money Markets
Why Crypto Market Depth Is Drying Up Across Every Exchange
Episode 30 of The Cryptocurrency Economy digs into a worrying trend that explains why Bitcoin is at 64,000 and Ethereum barely holds 1,800: market depth is evaporating across major exchanges. Lucas and Luna analyze new data showing that aggregate order-book depth for BTC has fallen 40% since January, making every large trade swing prices more violently. They trace the cause to three structural shifts — the rise of RFQ-style block trading, the migration of liquidity to tokenized treasury funds, and the SEC's redefinition of crypto securities, which has pushed market makers to pull quotes…
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