Dwindling order book depth raises liquidity concerns in crypto markets Definition
The quantity of bids and asks within 2% of the mid-price for USD(T) pairs.
Quick Take
- Order-book depth in the crypto market for Bitcoin and Ethereum hits new lows, even lower than the levels post-FTX collapse.
- A major concern is an illiquid market that can have ramifications both to the upside and downside.
- According to Kaiko, the market depth is now the lowest since the Terra collapse, which has dropped over 50% since October for both Bitcoin and Ethereum.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,195.75
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).