Bitcoin ETF

Bitcoin

Spot

<ul class="news-points"> 
 <li><strong>Crypto data provider Kaiko announced a 19% increase in Bitcoin market depth.</strong></li> 
 <li><strong>The data provider reported an increase in Bitcoin trade volume.</strong></li> 
 <li><strong>Net inflow into Spot Bitcoin ETFs was $135 million on February 20.</strong></li> 
</ul> 
<p>With <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> maintaining its position above $50,000, recent data indicates an increase in market depth. Despite experiencing a dip to $38,555 after the launch of spot Bitcoin ETF products on January 11, BTC later recovered.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BTC</a> market depth is up 19% since the start of 2024.<br><br>Is liquidity back for good? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/oG7keKA0hn" target="_blank" rel="nofollow">pic.twitter.com/oG7keKA0hn</a></p>— Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1760246746385629327?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to a report released by crypto data provider Kaiko, Bitcoin’s market depth has increased by 19% since the beginning of 2024. Kaiko shared this report on X, saying, “Is liquidity back for good?” According to Kaiko, market depth is <a href="https://blog.kaiko.com/api-tutorial-how-to-use-market-depth-to-study-cryptocurrency-order-book-dynamics-62ed823a0aaa" target="_blank" rel="nofollow">defined</a> as the market’s ability to sustain relatively large market orders without impacting the asset’s price.</p> 
<p>The report shared on February 19 showed the <a href="https://research.kaiko.com/insights/bitcoin-liquidity-rebounds-as-price-soars" target="_blank" rel="nofollow">increase in Bitcoin’s volume</a>, which is depicted in a graph. The graph illustrates a surge in Bitcoin trade volume when spot Bitcoin ETFs in the United States commenced trading.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/w_DBkr10HNwuh1UY8UF2lW7pXZlWoWyLstRvZA7giuL91HLpv4yezzcYpdQJWPSXdVUhBawS0omfcJNXNC50ZX5TVHz3robLQfuD4aazmjl2nUs2cmMWTJACgF2HkElOj9V4RCFvVETNX4kSd2uqmjQ" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   <em>Bitcoin Tr…</em>
  </figcaption>
 </figure>
</div>
<p>The post <a href="https://coinedition.com/bitcoins-market-depth-increased-by-16-what-does-it-mean/">Bitcoin’s Market Depth Increased by 16%, What Does It Mean?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin’s Market Depth Increased by 16%, What Does It Mean?

Coin Edition

Altri articoli pubblicati su 21 feb 2024

Huge confidence boost for Kelexo (KLXO) presale after Bitcoin (BTC) whale buys in and Uniswap (UN...

Why Michael Saylor believes selling Bitcoin now is a huge mistake — Inside MicroStrategy’s plan

Experts Suggest This New Altcoins Instead of Investing In Solana

🗒 Daily Newsletter | Wednesday, February 21th, 2024

What is AI governance?

Seamless Cross-chain Activity is the Next Frontier of Crypto Interoperability

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!