“Aggregated 2% BTC market depth has dropped by virtually half to round 8,000 BTC from 14,000 BTC on the finish of October,” analysts at Bitfinex, one of many prime 10 centralized cryptocurrency exchanges by volumes, wrote within the Jan. 9 problem of the market report. “In different phrases, a big order of the identical USD worth or dimension positioned immediately can have greater than twice the impression on value in distinction to 2 months in the past.”
Poor Bitcoin Market Liquidity Retains Crypto Whales at Bay
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