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> 
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   <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>
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<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> 
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   <em>Bitcoin Tr…</em>
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<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

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